A) If Hal makes annual end-of-year $2,100 deposits into the IRA, the amount he will have accumulated by the end of his 65th year is $ (blank.) (Round to the nearest cent.)

B) If Hal decides to wait until age 35 to begin making annual end-of-year $2,100 deposits into the IRA, the amount he will have accumulated by the end of his 65th year is $ (blank.) (Round to the nearest cent.)

C) Using your findings in parts a and b, which of the following options better describes the impact of delaying making deposits into the IRA for 10 years (age 25 to age 35) on the amount accumulated by the end of Hal's 65th year? (Choose one below please.)

-By delaying the deposits by 10 years, Hal earns a large capital gain. This gain is due to both the saved deposits of $21,000 ($2,100x10 years.) and the gained compounding of interest on all of the money not deposited for 10 years.

-By delaying the deposits by 10 years, Hal is incurring a significant opportunity cost. This cost is due to both the lost deposits of $21,000 ($2,100x10 years.) and the lost compounding of interest on all of the money for 10 years.

D) If Hal makes annual beginning-of-year $2,100 deposits into the IRA, the amount he will have accumulated by the end of his 65th year is $ (blank.) (Round to the nearest cent.)

If Hal decides to wait until age 35 to begin making annual beginning-of-year $2,100 deposits into the IRA, the amount he will have accumulated by the end of his 65th year is $ (blank.) (Round to the nearest cent.)

Retirement planning Personal Finance Problem Hal Thomas, a 25-year-old college graduate, wishes to retire at age 65. To supplement other sources of retirement income, he can deposit $2,100 each year into a tax-deferred individual retirement arrangement (IRA). The IRA will earn a return of 11% over the next 40 years. a. If Hal makes end-of-year $2,100 deposits into the IRA, how much will he have accumulated in 40 years when he turns 65 ? b. If Hal decides to wait until age 35 to begin making end-of-year $2,100 deposits into the IRA, how much will he have accumulated when he retires 30 years later? c. Using your findings in parts a and b, discuss the impact of delaying deposits into the IRA for 10 years (age 25 to age 35) on the amount accumulated by the end of Hal's 65th year. d. Rework parts a, b, and c assuming that Hal makes all deposits at the beginning, rather than the end, of each year. Discuss the effect of beginning-of-year deposits on the future value accumulated by the end of Hal's 65th year