And these pitfalls are magnified when you consider compound interest. Consider the compound interest effect in the following two scenarios. (Note: In your calculations, use either the formula or the financial calch Round your answers to the nearest cent.) Andrew, age 30, is starting his savings plan this year by putting away $1,950.00 at the end of every year until he reaches age will deposit this money at his local savings and loan at an interest rate of 6%. The future value annuity interest factor is 111.4348. Based on the information provided, by the time Andrew turns 65 , he will have Beth, age 35 , is starting her savings plan this year by putting away $1,950.00 at the end of every year until she reaches age 65. She will deposit this money at her local savings and loan at an interest rate of 6%. The future value annuity interest factor is 79.0582. Based on the information provided, by the time Beth turns 65 , she will have Andrew started his investment program five years earlier and set aside more than Beth. By the time Andrew turns 65, he will have accumulated more than Beth