a. What is the effective interest rates for the deposits

b. What is the present worth (When J.Doe is turning 40 years old) of the withdrawals? c. What is the amount of the deposits

J. Doe is turning 40 years old today and plans to retire on his 65th birthday. He starts making annual deposits (starting on the day of his 40th birthday) into an account that pays 15% compounded quarterly. He plans to withdraw $10,000 quarterly from the account starting on his 65th birthday until his 75th birthday (inclusive). Note that the last deposit is made at the same time that the first withdrawal