Personal Finance Problem LG 3 P5-22 Retirement planning Hal Thomas, a 25-year-old college graduate, wishes to retire 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 carn a 10% return over the next 40 years. 2. If Hal makes annual end-of-year $2,000 deposits into the IRA, how much will he have accumulated by the end of his sixty-fifth year? b. If Hal decides to wait until age 35 to begin making annual end-of-year $2,000 deposits into the IRA, how much will he have accumulated by the end of his sixty-fifth year? 6. Using your findings in parts a and b, discuss the impact of delaying making deposits into the IRA for 10 years tage 25 to age 35) on the amount accumulated by the end of Hal's sixty-fifth 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 sixty-fifth year