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Twins graduate from college together and start their careers. Twin 1 invests $1500 at the end of each year for 10 years only (until age
Twins graduate from college together and start their careers. Twin 1 invests $1500 at the end of each year for 10 years only (until age 34 ) in an account that earns 9%, compounded annually. Suppose that twin 2 waits until turning 40 to begin investing. How much must twin 2 put aside at the end of each year for the next 25 years in an account that earns 9% compounded annually in order to have the same amount as twin 1 at the end of these 25 years (when they turn 65 )? (Round your answer to the nearest.cent......... $
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