Mitch and Bill are both age 75. When Mitch was 24 years old, he began depositing $1000 per year into a savings account. He made deposits for the first 10 years, than he stopped.He left his money in the account, where it continued to earn interest for the next 41 years.

Bill didn't start saving until he was 47years old, but for the next 28 years he made annual deposits of $1000.

Both accounts earned an average annual return of 5%, compounded once a year.

A. At age 75, how much doesMitch has in his account?

B. At age 75, how muchdoesBill have in hisAccount at age 75?