Retirement planning Personal Finance Problem Hat Thomas, a 25 year old collogo graduate, wishes to rotito at age 65 To supplement other sources of retirement income, he can deposit $2,000 each year into a tax deferred individual retirement arrangement (IRA) The IRA will earn a return of 15% over the next 40 years a. I Hal makes end of your $2,000 deposits into the IRA how much will he have accumulated in 40 years when he turns 657 b. I Hal decides to wait until ago 35 to begin making ond of year $2,000 deposits into the IRA, how much wil he have accumulated when he retros 30 years lator? Using your findings in parts a and b, discuss the impact of detaying deposits into the IRA for 10 years (age 25 to age 35) on the amount accumulated by the end o 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 Hall's 65th year