Later in life, Devon convinces her friend Taylor to start saving for retirement as well. Even...

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Later in life, Devon convinces her friend Taylor to start saving for retirement as well. Even though Taylor is the same age as Devon, she hasn't started saving for retirement yet. With only 20 years left until they both plan to retire, Taylor decides she needs to invest at least twice as much as Devon each month to try to catch up to Devon's retirement plan. Taylor opens a similar retirement account to Devon's that also has an APR 5.25% compounded monthly. She will invest (b)S 740 per month. a. How much money will be in Taylor's retirement account if she continues to make the same monthly investment for 20 years? Later in life, Devon convinces her friend Taylor to start saving for retirement as well. Even though Taylor is the same age as Devon, she hasn't started saving for retirement yet. With only 20 years left until they both plan to retire, Taylor decides she needs to invest at least twice as much as Devon each month to try to catch up to Devon's retirement plan. Taylor opens a similar retirement account to Devon's that also has an APR 5.25% compounded monthly. She will invest (b)S 740 per month. a. How much money will be in Taylor's retirement account if she continues to make the same monthly investment for 20 years?