Jeff and Thomas both graduated this month. Thomas (25) has committed to saving $4000 each year for the next 10 years in an account earning 7.5%, then he will stop contributing to this account. Jeff (also 25) on the other hand has decided that he will open a similar account in 10 years and make $4000 contributions each year until he retires at 65. What will the balance of Thomas's account be at age 65? Step 1: How much will Thomas have when he stops contributing? Begin/End? N? I? PV? PMT? FV? Step 2: How much will Thomas have when he turns 65? Begin/End N? I? PV? PMT? FV? Step 3: What rate of return will Jeff need to earn in order to have the same balance in his account? Begin/End? N? I? PV? PMT? FV?