Question: 7.Earl E. Bird has decided to start saving for his retirement. Beginning on his twenty-first birthday, Earl plans to invest $2,000 each birthday into a

 7.Earl E. Bird has decided to start saving for his retirement.
Beginning on his twenty-first birthday, Earl plans to invest $2,000 each birthday

7.Earl E. Bird has decided to start saving for his retirement. Beginning on his twenty-first birthday, Earl plans to invest $2,000 each birthday into a savings investment earning a 7 percent compound annual rate of interest. He will continue this savings program f total of 10 years and then stgp making payments. But his savings will continue to co pound at 7 percent for 35 more yrs, until Earl retires at age 65.Ivana Waite also plans to invest $2,000 a year, on each birthday, at 7 percent, and will do so for a total of 35 years. However, she will not begin her contributions until her thirty-first birthday. How much will Earl's and Ivana's savings programs be worth at the retirement age of 65? Who i hetter off financially at retirement, and by how much? or a

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