Consider the compound interest effect in the following two scenarios. (Note: In your calculations, use either the formula or the financial calculator. Round your answers to the nearest cent.) Alex, age 30, is starting his savings plan this year by putting away $1,050.00 at the end of every year until he reaches age 65. He will deposit this money at his local savings and loan at an interest rate of 6%. The compounding factor is 154.760. Based on the information provided, by the time Alex turns 65, he will have Becky, age 35, is starting her savings plan this year by putting away $1,050.00 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 compounding factor is 111.430. Based on the information provided, by the time Becky turns 65, she will have during those extra years. By the time Alex Alex started his investment program five years earlier than Becky and invested a total of $ turns 65, he will have accumulated $ more than Becky