Retirement planning Personal Finance Problem Hal Thomas, a 35 -year-old college graduate, wishes to retire at age 60 . To supplement other sources of retirement income, he can deposit $2,500 each year into a tax-deferred individual retirement arikingement (IRA). The IRA will earn a return of 14% over the next 25 years. a. If Hal makes end-of-year $2,500 deposits into the IRA, how much will he have accumulated in 25 years when he turns 60 ? b. If Hal decides to wait until age 45 to begin making end-of-year $2,500 deposits into the IRA, how much will he have accumulated when he retires 15 years later? c. Using your findings in parts a and b, discuss the impact of delaying deposits into the IRA for 10 years (age 35 to age 45 ) on the amount accumulated by the end of Hal's 60 th year. a. If Hal makes end-of-year $2,500 deposits into the IRA, how much will he have accumulated in 25 years when he turns 60 ? b. If Hal decides to wait until age 45 to begin making end-of-year $2,500 deposits into the IRA, how much will he have accumulated when he retires 15 years later? c. Using your findings in parts a and b, discuss the impact of delaying deposits into the IRA for 10 yegrs (age 35 to age 45 ) on the amount accumulated by the end of Hah 60 th year. d. Rework parts a, b, and c assuming that Hal makes all deposits at the beginning, rather than the end, of each year. Discuss the effect of beginning-of-year deposits on the future value accumulated by the end of Hal's 60th year