1. a. Steve Hitchcock is 43 years old today and he wishes to accumulate $469,000 by his 67th birthday so he can retire to his summer place on Lake Hopatcong. He wishes to accumulate this amount by making equal deposits on his 43th through his 66th birthdays. What annual deposit must Steve make if the fund will earn 12% interest compounded annually? b. Cindy Ross has $20,200 to invest today at 12% to pay a debt of $62,738. How many years will it take her to accumulate enough to liquidate the debt?