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Two brothers each open IRAs in 2018 and plan to invest $2,500 per year for the next 10 years. Tom makes his first deposit on

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Two brothers each open IRAs in 2018 and plan to invest $2,500 per year for the next 10 years. Tom makes his first deposit on January 1,2018 , and will make all futur deposits on the first date of the year. Michael makes his first deposit on December 31,2018 , and will continue to make his annual deposits on the last day of each yea end of 10 years, the difference in the value of the IRAs (rounded to the nearest dollar), assuming an interest rate of 6% per year, will be: $268.63$1,977.12$2.500$1,104.01

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