1. You make quarterly deposits of $1200 into a fund earning i(4) = 3.8%. The first deposit is made September 15, 2011 and the final deposit is made on March 15, 2020.

   1. (a) How much do you have in the fund on June 15, 2020?

   2. (b) On June 15, 2020, you inherit money which you deposit in your fund. This brings your

      accumulated amount to $100,000 on June 15, 2020. Then 15-months later you plan to start making quarterly withdrawals of $R for 10 years. Your fund now pays interest at i(4) = 4% for the next 5 years (starting on June 15, 2020) and i(4) = 3.2% thereafter. What is R?