billy rich and Michael million are two very wealthy, elderly men. since neither of them have any heirs, they decide…

Mathematics homework help

billy rich and Michael million are two very wealthy, elderly men. since neither of them have any heirs, they decide to give away all but $1 of their fortune before they die. billy Rich has $1,340,000 and is giving 1/3 of his remaining money away each year. Micheal Million has $980,000 and is giving away 1/4 of his money away each year. who will get down to their final dollar first: Billy or Micheal? how many years will it take each of them to give away their fortune?

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