Please ONLY answer if you can show me in EXCEL. No handwritten answers, these questions...
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Please ONLY answer if you can show me in EXCEL.
No handwritten answers, these questions cost money.
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Mitch and Bill are both age 75 . When Mitch was 24 years old, he began depositing $1500 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 41 years. Bill didn't start saving until he was 48 years old, but for the next 27 years he made annual deposits of $1500. Assume that both accounts earned an average annual return of 4% (compounded once a year). Complete parts (a) through (d) below. a. How much money does Mitch have in his account at age 75 ? At age 75 , Mitch has $ in his account. (Round to the nearest cent as needed.)
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