Question: Please write your solutions (show all work!) on a sheet of paper, and upload the answer below. Maggie and Zoey are twin sisters who plan

 Please write your solutions (show all work!) on a sheet of

Please write your solutions (show all work!) on a sheet of paper, and upload the answer below. Maggie and Zoey are twin sisters who plan on retiring when they are 65 years old. Zoey began saving for retirment when she was 25. She invested $20,000 per year for 15 years (until she was 40). Maggie decided to wait until she was 40 to begin saving for retirement, and plans on contributing until she retires. If they both earn 7% compounded annually on their investments how much will Maggie have to invest per year to have the same amount as Zoey at retirement

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