Alec, Daniel, William, and Stephen decide today to save for retirement. Each person wants to retire by age 60 and puts $10,600 into an account earning 9% compounded annually. Note: Use tables, Excel, or a financial calculator. Round your answers to 2 decimal places. (FV of $1, PV of $1, FVA of $1, and PVA of $1) Required: Calculate how much each person will have accumulated by the age of 60. Person Age Initial Investment Alec 50 $ 10,600 Daniel 40 10,600 William 30 10,600 Stephen 20 10,600 Accumulated Investment by Retirement (age 60)