Cameron

is saving for his retirement

20

years from now by setting up a savings plan. He has set up a savings plan wherein he will deposit

$137.00

at the end of

each

year

for the next

14

years. Interest is

11%

compounded annually.

(a) How much money will be in his account on the date of his retirement?

(b) How much will

Cameron

contribute?

(c) How much will be interest?

(a) The future value will be

$nothing.

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

(b)

Cameron

will contribute

$nothing.

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

(c) The interest will be

$nothing.

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)