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Twins graduate from college together and start their careers. Twin 1 invests $2500 at the...

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Twins graduate from college together and start their careers. Twin 1 invests $2500 at the end of each year for 10 years only (until age 33) in an account that earns 6 % , 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 6 % 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.) Ask Your Teacher My Notes O-1 points HarMathAp12 6.3.024. 5. Jake Werkheiser decides to invest $4000 in an IRA at the end of each year for the next 12 years. If he makes these investments, and if the certificates pay 11%, compounded annually, how much will he have at the end of the 12 years? (a) State whether the problem relates to an ordinary annuity or an annuity due. ordinary annuity annuity due (b) Solve the problem. (Round your answer to the nearest cent.)

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