HW21: Problem 2 Previous Problem Problem List Next Problem (1 point) A person wants to establish an annuity for retirement. He wants to make quarterly deposits for 30 years so that he can then make quarterly withdraws of $11,500.00 for 15 years. The annuity earns 6.72% compounded quarterly. (a) How much will have to be in the account at the time he retires ? Value of account at retirement: [Note: Your answer is a dollar amount and should have a dollar sign and exactly two decimal places.) (b) How much should be deposited each quarter for 30 years in order to accumulate the required amount? quarterly deposit: [Note: Your answer is a dollar amount and should have a dollar sign and exactly two decimal places.) (c) What is the total amount of interest earned during the 45-year period? Total Interest Earned: [Note: Your answer is a dollar amount and should have a dollar sign and exactly two decimal places) Note: You can earn partial credit on this problem, Preview My Answers Submit Answers