When he turned 42, Jim started to contribute to his retirement account by making an annual deposit of $2500, which is matched by his employer by 150% _in an ordinary annuity bearing 9 42 % interest, compounded semiannually. 11. How much will he have available for him when he retires at 65? 12. If Jim wishes to have a total of $600,000 in his IRA when he retires, how much should be his own annual contribution? Consider the same (r) and (n) of question# 11. 13. How much should be his employer's share of annual contribution? 14. Suppose that Jim's contribution is $2000 but matched by his employer as double, this time (two for one). Also suppose that Jim's goal is to accumulate half a million dollar in his IRA. At what age should he retire to achieve that goal, given that his account bears 10% interest, compounded semiannually? When he turned 42, Jim started to contribute to his retirement account by making an annual deposit of $2500, which is matched by his employer by 150% _in an ordinary annuity bearing 9 42 % interest, compounded semiannually. 11. How much will he have available for him when he retires at 65? 12. If Jim wishes to have a total of $600,000 in his IRA when he retires, how much should be his own annual contribution? Consider the same (r) and (n) of question# 11. 13. How much should be his employer's share of annual contribution? 14. Suppose that Jim's contribution is $2000 but matched by his employer as double, this time (two for one). Also suppose that Jim's goal is to accumulate half a million dollar in his IRA. At what age should he retire to achieve that goal, given that his account bears 10% interest, compounded semiannually