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3. From age 25 to age 40 , Jill deposited $200 at the end of each month into a tax-free retirement account. She made no
3. From age 25 to age 40 , Jill deposited $200 at the end of each month into a tax-free retirement account. She made no withdrawals or further contributions until age 65. Alex made deposits of $300 per month into his tax-free retirement from age 40 to age 65 . Both accounts earned interest at a rate of 5% per year compounded monthly. (a) How much does Jill have in her account at age 65 ? (b) How much does Alex have in his account at age 65? (c) How much did Jill contribute to her account? (d) How much did Alex contribute to his account
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