Megan and Nancy each want to save $250 000 for their retirement in 40 years. a) Nancy begins her regular deposits immediately. How much must she deposit at the end of each year at 12% per year compounded annually to achieve her goal? b) Megan decides to wait 10 years before she starts her regular deposits. What annual deposit does she need to make? c) Compare Megan and Nancy's total deposits.How much less does Nancy deposit by starting early?

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