Mara and Braylen are both age 75. When Mara was

25

years old, she began depositing

$1300

per year into a savings account. She made deposits for the first 10 years, at which point she was forced to stop making deposits. However, she left her money in the account, where it continued to earn interest for the next

40

years. Braylen didn't start saving until he was

48

years old, but for the next

27

years he made annual deposits of

$1300.

Assume that both accounts earned an average annual return of

4%

(compounded once a year). Complete parts (a) through (d) below.

Question content area bottom

Part 1

a. How much money does Mara have in her account at age 75?

At age 75, Mara has

$enter your response here

in her account.

(Round to the nearest cent as needed.)