mecumulised ty the end a ila's eon year. Retirement planning Personal Finance Problem Hal Thomas, a 35-year-old college graduate, wishes to rebire at age 60 . To supplement other sources of retrement income, he can depose $2,400 each year into a tax-deferred individual retirement arrangement (IRA). The IRA will earn a return of 11% ovor the next 25 years. a. If Hal makes end-of-year $2,400 deposits ino the IRA. how much will he have accumulated in 25 years when he turns 60? b. If Hal decides to wait untif age 45 to begin making end-ofyear $2,400 deponts inso the IRA, how much will he have accumuluted when he tefires 15 years lader? c. Using your findings in parts a and b, discuss the impact of deiaying depesits into the IRA for 10 years (age 35 to ago 45 ) on the amount accumulated by the end of Hars eOth year. d. Rewom parts a, b, and c absuming that Hat mokes alt deposts at the beginning, rather than the end, of each year. Dacusa the affect of beginning-of-year deposits on the Ature vaiue accumulated by the end of Hars 60 th year. a. If Hal makes annual end-of-year $2.400 doposits into the IRA, the amount he will hove accumilated by the end of his 60 th year is 5 (Round ta the nearest cent) b. If Hal decides to wai tenti age 45 to bega making annual end-ofyoar $2,400 deposits into the 1RA, the amount he wat have accumulated by the ond of his 60 th year is: (Round to the nearest cerh.)