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Tyler and Katy Glover are twins, and both work at the Texas Department of Motor Vehicles. They know they need to save for retirement from
Tyler and Katy Glover are twins, and both work at the Texas Department of Motor Vehicles. They know they need to save for retirement from what they learned from their parents. Retirement is years away, which seems like forever to them. Since they were looking at doing the same investments as twins tend to do they believe they could get annual return on the S&P Index based on its history. Tyler invests $ per year, but after ten years is married and has twins! He completely stops saving for retirement.
Katy is a bit of a spend thrift, but realizes she will won't to retire in years and knows she wasted time spending money on things that eventually she took to Goodwill! Katy saves $ per year.
How much will each have when they retire? Round to nearest dollar.
A Tyler $ Katy: $
B Tyler $ Katy: $
C Tyler $ Katy: $
D Tyler $ Katy: $
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