You deposit $12,000 annually into a life insurance fund for the next 11 years, after which…

You deposit $12,000 annually into a life insurance fund for the
next 11 years, after which time you plan to retire. a. If the
deposits are made at the beginning of the year and earn an interest
rate of 7 percent, what will be the amount in the retirement fund
at the end of year 11? (Do not round intermediate calculations.
Round your answer to 2 decimal places. (e.g., 32.16)) Future value
$ b. Instead of a lump sum, you wish to receive annuities for the
next 22 years (years 12 through 33). What is the constant annual
payment you expect to receive at the beginning of each year if you
assume an interest rate of 7 percent during the distribution
period? (Do not round intermediate calculations. Round your answer
to 2 decimal places. (e.g., 32.16)) Annual payment $ c. Repeat
parts (a) and (b) above assuming earning rates of 6 percent and 8
percent during the deposit period and earning rates of 6 percent
and 8 percent during the distribution period. (Do not round
intermediate calculations. Round your answers to 2 decimal places.
(e.g., 32.16)) Deposit Period Value at 11 Years Distribution Period
Annual payment 6 percent $ 6 percent $ 8 percent $ 8 percent $ 6
percent $ 8 percent $
I know that part A is 202661.42. I know that part B is
17,123.14. I only need help with part C. I can’t figure it out.

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