Cameron

is saving for his retirement

25

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

$ 120.00

at the end of

every

six months

for the next

11

years. Interest is

6 %

compounded semi dash 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?