To supplement your planned retirement in exactly 40 years, you estimate that you need to accumulate $350,000 by the end of 40 years from today.You plan to make equal , annual and end-of-year deposits into an account paying 11% annual interest.

a)How large must the annual deposits to be create the $350,000 fund by the end of 40 years?

b)If you can afford the deposit only $460 per year into account, how much will you have accumulated by the end of 40 years?