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Funding Jill Morans Retirement Annuity sunup Industries wishes to store funds to provide a solitude rente for its vice president of research, Jill Moran. Ms Moran, by contract, ordain retire at the terminus of simply 12 years. Upon solitude, she is authorize to receive an one-year land up- of-year payment of $42,000 for exactly 20 years. If she dies prior to the end of the 20-year period, the annual payments will pass to her heirs.During the 12-year solicitation period, morn wishes to fund the annuity by fashioning stir, annual, end of the year deposits into an account earning 9% interest. Once the 20-year statistical dissemination period begins, morning plans to move the accumulated monies into an account earning a guaranteed 12% per year, At the end of the distribution period, the account balance will equal zero. Note that the first deposit will be made at the end of year 1 and that the first distribution payment will be certain at the end of year 13. enthral answ er the questions listed below. . Draw a condemnation line depicting all of the interchange flows associated with Sunrises view of the retirement annuity. 2. How large a sum must Sunrise accumulate b the end of year 12 to provide the 20-year, $42,000 annuity? 3. How large must Sunrises equal, annual, end-of-year deposits into the account be over the 12-year accumulation period to fund in full Ms. Morans retirement? 4. How much would Sunrise have to deposit annually during the accumulation period if it could earn 10% kind of than 9% during the accumulation period?