Salima and Patty move here are twins in both work at Springfield DMV they decide...
50.1K
Verified Solution
Link Copied!
Question
Finance
Salima and Patty move here are twins in both work at Springfield DMV they decide to save for retirement which is 25 years away the both receive an annual return of 12% on their investment over the next 25 years so my invest $3000 per year at the end of each year only for the first 10 years of the 25 year. For a total of $30,000 saved how do you doesn't start saving for 10 years and then say $3000 per year at the end of each year for the remaining 15 years for a total of $45,000 saved how much for each of them have when they retire
Salima and Patty move here are twins in both work at Springfield DMV they decide to save for retirement which is 25 years away the both receive an annual return of 12% on their investment over the next 25 years so my invest $3000 per year at the end of each year only for the first 10 years of the 25 year. For a total of $30,000 saved how do you doesn't start saving for 10 years and then say $3000 per year at the end of each year for the remaining 15 years for a total of $45,000 saved how much for each of them have when they retire
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.