2.(12pts)Mr Lewis Nixon plans to make a $3,000 deposit every year into his BankEast Retirement Savings Account which pays interest of 12% p.a. compounded quarterly from age 22 until age 67 (inclusive) when he retires. 1)(8pts) How much money will Mr Nixon have accumulated in his retirement account by the time he makes his last deposit at age 67? 2)4pts)If Mr Nixon expects to use his retirement savings for 30 years how much can he withdraw from his BankEast Retirement Savings Account at the end of each year after he retires (assume same amount in each year)