Retirement planning Personal Finance Problem Hal Thomas, a 35-year-old college graduate, wishes to retire at age 65. To supplement other sources of retirement income, he can deposit $2,300 each year into a tax-deferred individual retirement arrangement (IRA). The IRA will earn a return of 12% over the next 30 years. a. If Hal makes annual end-of-year $2,300 deposits into the IRA, how much will he have accumulated by the end of his 65 th year? b. If Hal decides to wait until age 45 to begin making annual end-of-year $2,300 deposits into the IRA, how much will he have accumulated by the end of his 65 th year? c. Using your findings in parts a and b, discuss the impact of delaying making deposits into the IRA for 10 years (age 35 to age 45 ) on the amount accumulated by the end of Hal's 65 th year