You plan to save for retirement by making annual deposits into a savings account.There will be three time periods, one after the other, with different patterns of deposits, as follows:

Period 1, from time 1 through time 14, equal annual deposits of $7000

Period 2, from time 15 through time 21, equal annual deposits of $800

Period 3, from time 22 through time 35, equal annual deposits of $8000

In addition the deposits in period 3 will increase each year by $500

(the time time 23 deposit will be $8500, etc.)

The deposits will be put into a stock fund, with an expected annual growth rate of 11%.

Inflation is expected to be 2.6% per year throughout the three time periods.

Determine two numerical values:the actual dollar amount in the fund at the end of the third period,

the purchasing power in today's dollars of this accumulated value