Question: When she becomes 25, Maggie invests $1,000 on the first day of each year for a period of ten years for a total investment of

When she becomes 25, Maggie invests $1,000 on the first day of each year for a period of ten years for a total investment of $10,000. She then stops and makes no further investments. Assume a 6% interest rate.

When he becomes 40, Ben invests $1.000 on the first day of each year for a period of 25 years for a total investment of $25,000. Assume a 6% interest rate. How much will Maggie and Ben have each when they reach age 65?

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