Question: These two question are together, need to answer 14 to be able to answer 15. 14. Savvy Simon started saving for his retirement at age

These two question are together, need to answer 14 to be able to answer 15.

14. Savvy Simon started saving for his retirement at age 21 by putting $100 a month into an account earning 5.4% interest compounded monthly. At age 60, how much will Savvy Simon have saved? 15. Foolish Fran waited to start saving for her retirement until she was 45 at which point she began putting a monthly deposit into the same account Simon was using. In order to have the same amount by age 60, how much must Foolish Fran put into the account each month

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