HW21: Problem 2 Previous Problem Problem List Next Problem point) A person wants to establish an annuity for retirement. He wants to make monthly deposits for 35 years so that he can then make monthly withdraws of $4,400.00 for 20 years. The annuity earns 6.98% compounded monthly. (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 deponited each month for 35 years in order to accumulate the required amount? monthly deposit: Note: Your answer is a collar amount and should have a dollar sign and exactly two decimal place) (c) What is the total amount of interest earned during the 55-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 You have attempted this problem 0 times AA minin