Question: Solution to this accounting problem? Please show work. Thanks in advance. At age 21 Julio begins saving $1.300 each year until age 35 (15 payments)

Solution to this accounting problem? Please show work. Thanks in advance. Solution to this accounting problem? Please show work. Thanks in advance. At

At age 21 Julio begins saving $1.300 each year until age 35 (15 payments) in an ordinary annuity paying 52% annual interest compounded yearly and then leaves his money in the account until age 65 (30 years). His friend Max begins at age 41 saving $2.600 per year in the same type of account until age 65 R5 payments) How much does each have in his account at age 65? At age 65, Julio has s in his account and Max has s in his account

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