Working in the family restaurant business

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Reference no: EM131825461

Twins Jessica and? Joshua, both? 25, graduated from college and began working in the family restaurant business. The first? year, Jessica began putting ?$02,000 per year in an individual retirement account and contributed to it for a total of 55 years. After 55 years she made no further contributions until she retired at age 65. Joshua did not start making contributions to his individual retirement account until he was 35?, but he continued making contributions of ?$2,000 each year until he retired at age 65. Assuming that both Jessica and Joshua receive 13?% interest per? year, how much will Jessica have at? retirement? How much did she contribute in? total? How much will Joshua have at? retirement? How much did he contribute in? total?

Reference no: EM131825461

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