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Invest now or later? Twins Serene and Claire are both age 22. Beginning at age 22,...

Invest now or later? Twins Serene and Claire are both age 22. Beginning at age 22, Serene invests $2,300 per year for ten years and then never contributes another penny. Claire waits ten years and then invests $2,300 per year for the next 35 years. Assuming they both earn 10.67 percent, how much will each twin have at age 67 years? (15 points) Serene: $2,300 per year for 10 years N I/Y PV PMT FV CPT Serene: 2nd step of calculation for investment for 35 years N I/Y PV (FV from previous calculation) PMT FV CPT Claire: delayed contribution of $2,300 year for 35 years N I/Y PV PMT FV CPT

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