(1 point) A person wants to establish an annuity for retirement. He wants to make monthly...

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(1 point) A person wants to establish an annuity for retirement. He wants to make monthly deposits for 30 years so that he can then make monthly withdraws of $4,400.00 for 15 years. The annuity earns 6.56% compounded monthly. (a) How much will have to be in the account at the time he retires? Value of account at retirement: $ (b) How much should be deposited each month for 30 years in order to accumulate the required amount? Monthly deposit: $ (c) What is the total amount of interest earned during the 45-year period? Total Interest Earned: $ Note: You can earn partial credit on this problem. (1 point) A person wants to establish an annuity for retirement. He wants to make monthly deposits for 30 years so that he can then make monthly withdraws of $4,400.00 for 15 years. The annuity earns 6.56% compounded monthly. (a) How much will have to be in the account at the time he retires? Value of account at retirement: $ (b) How much should be deposited each month for 30 years in order to accumulate the required amount? Monthly deposit: $ (c) What is the total amount of interest earned during the 45-year period? Total Interest Earned: $ Note: You can earn partial credit on this problem.