Question: Alec, Daniel, Willam, and Stephen decide today to save for retirement. Each person wants to retire by age 62 and puts $9,000 into an account

Alec, Daniel, Willam, and Stephen decide today to save for retirement. Each person wants to retire by age 62 and puts $9,000 into an account earning 8% compounded annually. (FV of \$1. PV of S1. EVA of S1, and PVA of \$1) (Use tables, Excel, or a financial calculator. Round your answers to 2 decimal places.) Required: Calculate how much each person will have accumulated by the age of 62

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