Jacqueline Strauss, whose 25 is committed $3000 per year for her retirement fund and assumes shell retire at 65. How much will she have accumulated when she turned 65 if she invests in equities and earns 8% on average? Jacqueline wants a friend, mike, to start his plan right away, he's 35. What would his nest egg amount two if he invested in the same manner as Jacqueline and he, too, retire in 65?