Question: Appendix C Homework Saved Help Save & CH 18 Alec, Daniel, William, and Stephen decide today to save for retirement. Each person wants to retire

Appendix C Homework Saved Help Save & CH 18 Alec, Daniel, William, and Stephen decide today to save for retirement. Each person wants to retire by age 65 and puts $11.00 into an account earning 10% compounded annually. (EV of $1. PV of $1. FVA of S1, and PVA of S1 (Use appropriate factors) from the tables provided. Round your answers to 2 decimal places.) 0.12 points 02143 Required: Calculate how much each person will have accumulated by the age of 65. ook Person Age Initial Investment Accumulated Investment by Retirement (age 65) Print $ Reference Alec Daniel William Stephen 55 45 35 11,000 11,000 11,000 11,000 25

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