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Mitch and bill are both age when mitch was years old he began depositing per year into


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1.Mitch and Bill are both age 75. When Mitch was 25 years old, he began depositing $1000 per year into ...

a savings account. He made deposits for the next 10 years, at which point he was forced to stop making deposits. However, he left his money in the account, where it continued to earn interest for the next 40 years. Bill didn't start saving until he was 45 years old, but for the next 30 years he made annual deposits of $1000. Assume that both accounts earned an average annual return of 5% compounded once a year. a) How much money does Mitch have in his account at age 75 b)How much money does Bill have in his account at age 75
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1.AU MAT 120 Systems of Linear Equations and Inequalities Discussion

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