Business, 15.11.2021 01:00 JimmySample7

Consider Alexander and Zoe. They both will save $8,500 per year until they retire at age 65. Alexander and Zoe, however, will start saving at different ages. Alexander will start saving when he is 25 years old. Zoe will start saving when she is 45 years old. Assuming the
interest rate each year is 6%, how much money will the first year of savings amount to when they retire? Round your answers to two
decimal places.
Alexander: $
Zoe: $

Answers: 3

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Consider Alexander and Zoe. They both will save $8,500 per year until they retire at age 65. Alexand...