Answer:
Let b = Bill's present age
m = Monica's present age
b = 4m
b + 14 + m + 14 = 108
4m + 14 + m + 14 = 108
5m + 28 = 108
5m = 80
m = 16, b = 64
Monica is now 16 years old, and Bill is now 64 years old. In 14 years, Monica will be 30 years old, and Bill will be 78 years old.
30 + 78 = 108