You once heard that if you were to save just a little each month that it will add up to a nice cushion for retirement. If you were to save just $25 a month over the next 40 years and deposited the money into an account with an annual rate of 4.5% compounded monthly how much would you have at the start of retirement in that account?

Me with this assignment ! i only partially understand, so explain. also it's a work sample. at the championship bike race, steve and paula were fighting for first place. steve was 175 feet ahead of paula and had only 300 feet left to go. he was very tired and was going only 9 feet per second. paula was desperate to catch up and was going 15 feet per second. who won the bike race and by how far did she/he win?