Michael is considering his consumption habits, trying to figure out how to save money. He realizes he could save $2 every day by ordering regular coffee instead of latte at the local coffee house. Since he buys a cup of coffee every workday, this works out to $10 per week, which amounts to a saving of $520 per year. If Michael is 25 today and retires at age 65, how much money will he have accumulated from savings on coffee vs. latte? Assume that the annual interest rate is 4% and that the $520 savings occurs at the end of each year