Alec, Daniel, William, and Stephen decide today to save for retirement. Each person wants to retire by age 62 and puts $9,600 into an account earning 8% compounded annually. Note: Use tables, Excel, or a financial calculator. Round your answers to 2 decimal places. (FV of \$1, PV of \$1, FVA of \$1, and PVA of \$1) Required: Calculate how much each person will have accumulated by the age of 62 . Determine the future value of the following single amounts. Note: Use tables, Excel, or a financial calculator. Round your final answers to nearest whole dollar amount. (FV of \$1, PV of \$1, FVA of \$1. PVA of \$1, FVAD of \$1 and PVAD of \$1)