Beginning at age 27 kimberly invests 2000 per year for ten, Finance Basics

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Beginning at age 27 kimberly invests 2000 per year for ten

Question: Beginning at age 27, Kimberly invests $2000 per year for ten years and then never sets aside another penny. Kaitlyn waits ten years and then invests $2000 per year for the next 30 years. Assuming they both earn 7 percent, how much will each twin have at age 67? ( please show detailed work)

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Finance Basics: Beginning at age 27 kimberly invests 2000 per year for ten

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