A) If Hal makes annual end-of-year $2,300 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 40 to begin making annual end-of-year $2,300 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, discuss the impact of delaying deposits into the IRA for 10 years (age 30 to age 40) on the amount accumulated by the end of Hal's 65th year? (Choose one the following below.)

-By delaying the deposits by 10 years. Hal earns a large capital gain. This gain is due to both saved deposits of $23,000 ($2,300x10 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 $23,000 ($2,300x10 years.) and the lost compounding of interest on all the money for 10 years.)

D) If Hal makes annual beginning-of-year $2,300 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 40 to begin making annual beginning-of-year $2,300 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 30-year-old college graduate, wishes to retire at age 65 . To supplement other sources of retirement income, he car deposit $2,300 each year into a tax-deferred individual retirement arrangement (IRA). The IRA will earn a return of 13% over the next 35 years. a. If Hal makes end-of-year $2,300 deposits into the IRA, how much will he have accumulated in 35 years when he turns 65 ? b. If Hal decides to wait until age 40 to begin making end-of-year $2,300 deposits into the IRA, how much will he have accumulated when he retires 25 years later? c. Using your findings in parts a and b, discuss the impact of delaying deposits into the IRA for 10 years (age 30 to age 40) 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