Chris and Pat work for the same company and have the same retirement goal. Both will retire at age 65 and plan to withdraw $1,200 per month from their retirement account until they reach 80 years old. The company's retirement plan compounds monthly at a 4% interest rate. Pat started contributing monthly payments at age 25, whereas Chris didn't start contributing monthly payments until age 45. To do: Write a memo to Chris and Pat comparing and contrasting their investments. Write from the perspective of their financial planner. Make sure to include the following information: The amount each person needs to contribute each month to reach their goal The amount, as a percent of each person's account is interest at the time of retirement Make sure to show or explain your calculations. Also, explain to them why the amounts you found are so different for both individuals even though they have the same goal