b. How much money does Bill have in his account at age 75?

c. Compare the amounts of money that Mitch and Bill deposit into their accounts.

Mitch and Bill are both age 75. When Mitch was 23 years old, he began depositing $1200 per year into a savings account. He made deposits for the first 10 years, at which point he was forced to stop making deposits. However, he left his money in the account, where it continued to earn interest for the next 42 years. Bill didn't start saving until he was 47 years old, but for the next 28 years he made annual deposits of $1200. Assume that both accounts earned an average annual return of 7% (compounded once a year). Complete parts (a) through (d) below. a. How much money does Mitch have in his account at age 75? At age 75, Mitch has $ in his account. (Round to the nearest cent as needed.)