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You deposit $10,000 annually into a life insurance fund for the next 10 years, after which time you plan to retire. a. If the deposits

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You deposit $10,000 annually into a life insurance fund for the next 10 years, after which time you plan to retire. a. If the deposits are made at the beginning of the year and earn an interest rate of 8 percent, what will be the amount in the retirement fund at the end of year 10 ? b. Instead of a lump sum, you wish to recelve annuities for the next 20 years (years 11 through 30 ). What is the constant annual payment you expect to receive at the beginning of each year if you assume an interest rate of 8 percent during the distribution period? c. Repeat parts (a) and (b) above assuming earning rates of 7 percent and 9 percent during the deposit period and earning rates of 7 percent and 9 percent during the distribution period. Complete this question by entering your answers in the tabs below. If the deposits are made at the beginning of the year and earn an interest rate of 8 percent. What will be the amount in each case, if the retirement is recelved at the end of year 10 or recelved in the form of annuities for the next 20 years (years 11 through 30). (Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g-, 32.16 )) You deposit $10,000 annually into a life insurance fund for the next 10 years, after which time you plan to retire. a. If the deposits are made at the beginning of the year and earn an interest rate of 8 percent, what will be the amount in the retirement fund at the end of year 10 ? b. Instead of a lump sum, you wish to receive annuities for the next 20 years (years 11 through 30 ). What is the constant annual payment you expect to recelve at the beginning of each year if you assume an interest rate of 8 percent during the distribution period? c. Repeat parts (a) and (b) above assuming earning rates of 7 percent and 9 percent during the deposit period and earning rates of 7 percent and 9 percent during the distribution period. Complete this question by entering your answers in the tabs below. Repeat parts (a) and (b) above assuming earning rates of 7 percent and 9 percent during the deposit period and earning rates of 7 percent and 9 percent during the distribution period. (Do not round intermediate calculations. Round your answers to 2 decimal places. (e.0,4,32.16) )

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