Alex and tony are twins.After graduation and being finally able to get a good job,they plan for retirement as follows; •Starting at age 24, Alex deposits 10,000.00 pesos at the end of each year for 36...

Alex and tony are twins.After graduation and being finally able to get a good job,they plan for retirement as follows;




•Starting at age 24, Alex deposits 10,000.00 pesos at the end of each year for 36 years.
•Starting at age 42, Tony deposits 20,000.00 pesos at the end of year for 18 years.


who will have the greater amount at retirement if both annuities earn 12% per year compounded annually?