F5C Retirement planning You plan to save for retirement by making annual deposits into a savings account There will be three time periods, one after the other, with different patterns of deposits, as follows: Period 1, from time 1 through time 16, equal annual deposits of $8000 Period 2. from time 17 through time 22. equal annual deposits of $900 Period 3. from time 23 through time 35. equal annual deposits of $9000 In addition the deposits in period 3 will increase each year by $600 (the time time 24 deposit will be $9600, etc.) The deposits will be put into a stock fund, with an expected annual growth rate of 13% Inflation is expected to be 3.4% per year throughout the three time periods Determine two numerical values the actual dollar amount in the fund at the end of the third period the purchasing power in today's dollars of this accumulated value F5C Retirement planning You plan to save for retirement by making annual deposits into a savings account There will be three time periods, one after the other, with different patterns of deposits, as follows: Period 1, from time 1 through time 16, equal annual deposits of $8000 Period 2. from time 17 through time 22. equal annual deposits of $900 Period 3. from time 23 through time 35. equal annual deposits of $9000 In addition the deposits in period 3 will increase each year by $600 (the time time 24 deposit will be $9600, etc.) The deposits will be put into a stock fund, with an expected annual growth rate of 13% Inflation is expected to be 3.4% per year throughout the three time periods Determine two numerical values the actual dollar amount in the fund at the end of the third period the purchasing power in today's dollars of this accumulated value