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 $2.100 each year into a tax deferred Individual retirement arrangement (RA). The IRA wil return of 15% over the next 30 years. a. If Halmakes endof-year 52,100 deposits into the IRA how much will he have accumulated in 30 years when he tums 657 b. W decides to wait unti age 45 to begin making end of year $2.100 deposits into the IRA how much will he have accumulated when he retires 20 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 6th year d. Rework parts a, b, and ensuring that hal makes al deposits at the beginning, rather than the end of each year. Dross the effect of beginning of year deposits on the future value accumulated by the end of Hor's 65th year. a. Il makes annual end of year $2,100 deposits into the IRA, the amount he will have accumulated by the end of his 6th year is Hound to the nearest cent.) b. I decides to wait until uge 45 to begin making annual end of year 2.100 deposits into the IRA, the amount he will have accumulated by the end of his on your is. Round to the nearest cent) c. ung your findings in parts a and b, which of the following options better describes 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 are your (Select the best answer below) By delaying the deposits by 10 years. Hal is incurring a significant opportunity.com This cost is due to both the deposits of 21.000 ($2,100 x 10 yrs) and the lost compounding of interest on all of the money for 10 years O by delaying the deposits by 10 years. Hal care a large capital gain. This galinis due to both the saved depois of $20.000 (52,100 x 10 yrs.) and the gained compounding of interest on all of the money not deposited for 10 d. makes now beginning of your $2,100 deposits into the IRA, the amount he will have accumulated by the end of his oth year is 3 (Hound to the nearest cert) Hul decides to wait until age 45 to begin making annual beginning of your $2,100 deposit into the 114, the amount he will have accumulated by the end of his ethyes found to the newest cent) Both deposits due to the extra year of compounding from the beginning of your deposits inted at the end of year depois. The incremental change in the arty is much ger than the incremental compounding on the deposit due to the logo sum on which the last year of compounding courselect from the drop-down menus