Two people are just graduating from college and each expects to work for 40 years. the first person intends to start saving from retirement immediately. he plans to deposit $600 each quarter into a retirement account paying interest at a nominal annual rate of 6% compounded quarterly. he will make deposits for 10 years and then leave his balance in the account earning the same interest but making no further deposits for the next 30 years. the second person plans to save nothing for the filirst 10 years and then begin depositing $600 at the end of each quarter into an account paying interest at a nominal annual rate of 6% compounded quarterly for the remaining 30 years. for each person compute how much he will have in his account after the 40 years and the total amount he put into the account.