One can solve for payments (PMT), periods (N), and interest rates (I) for annuities. The easiest way to solve for these variables is with a financial calculator or a spreadsheet. Quantitative Problem it You plan to deposit $2,200 per year for 6 years into a money market account with an annual retum of 3 . You plan to make your first deposit one year from todin. a. What amount will be in your account at the end of 6 years? Do not round intermediate calculations, Round your answer to the nearest cent. 5 b. Assume that your deposits will begin today. What amount will be in your account after 6 years? Do not round intermediate calculations, Round your answer to the nearest cent. 5 Quantitative Problem 2: You and your wife are making plans for retirement. You plan on living 30 years after you retire and would like to have $85,000 annually on which to live. Your first withdrawal will be made one year after you retire and you anticipate that your retirement account will earn 12% annually. a. What amounk do you need in your retirement account the day you retire? Do not round intermediate calculations. Round your answer to the nearest cent. S. b. Assume that your lirst withdrawal will be made the day you retire. Under this assumption, what amount do you naw need in your retirement account the day you retire? Do not round intermediate calculations. Round your answer to the nearest cent. s