Problem 5. Annuities. 10 points, Linda has been depositing $200 at the end of each month in a tax-free retirement account since she was 30. Karen, who is 5 years older than Linda, started depositing $300 at the end of each month in a tax-free retirement account when she was 40. Assume that both accounts are earning interest at the rate of 4.29% compounded daily, who will end up with the larger retirement account at the age of 657 By how much? Solution