mitch and bill are both age 75. when mitch was 25 years old he began...
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mitch and bill are both age 75. when mitch was 25 years old he began depositing $1100 per year into a savings account. he made deposits for the first 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 didnt start saving until he was 48, but for the next 27 years he made annual deposits of $1100. assume that both accounts earned an average annual return of 6%. compounded annualy. a- how much money does mitch have in his account at age 75?
a- how much money does mitch have in his account at age 75?
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