Problem D. Given the following problem, answer questions 32 to 34. J. Doe is turning 40 years old today and plans to retire on his 65h birthday. He starts 15% compounded quarterly. He plans to withdraw $10,000 quarterly from the account making annual deposits (starting on the day of his 40th birthday) into an account that pays starting on his 65th birthday until his 75h birthday (inclusive). Note that the last deposit is made at the same time that the first withdrawal. 32. What is the effective interest rate for the deposits? (2 marks) a) 1.25% b) 3.75% c) 15.00% d)15.87% 33. What is the present worth (at time 0) of the withdrawals? (2 marks) a) $ 5,176 O$ 5,428 c) $ 5,589 d) $ 5,810 Po= 10000 + 10 000(1.0315 15 509 9 0375C65 Pw=Fus C581s 1s 34. What is the amount of the deposits? (2 marks) a)$ 760 b) $ 842 c) $ 880 d) $ 915 215509.9 A-1587 26 (h1581