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Selma and Patty Bouvier are twins and both work at the Springfield DMV.  Selma and Patty Bouvier decide to save for retirement, which is 35 years away. They'll both receive an 8 percent annual return on their investment over the next 35 years. Selma invests $2000 per year at the end of each year only for the first 10 years of the 35-year period -for a total of $20,000 saved. Patty  doesn't  start saving for 10 years and these saves$2000 saved. How much will each of them have when they retire?

Reference no: EM131089201

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