Assume Hal makes annual beginning of year $2200 deposits into the ira

1. If hal makes the payments at the beginning of the year, how much will he have accumulated by his 65th year?

2. if hal decides to wait until age 45 to begin making annual beginning of year deposits of 2200 how much will he have accumulated by the end of his 65th year?

65th

Hal Thomas a 35 year old graduate wishes to retire at age 65. To supplement other resources of retirement incime, he can deposit $2,200 each year into a tax-deferred individual retirement areangement. The IRA will earn a return of 14% over the next 30 years