(Future Value Of A Complex​ Annuity) Springfield Mogul Montgomery​ Burns, Age 70​, Wants To Retire At Age 100 So He Can Steal Candy From Babies Full Time. Once Mr. Burns​ Retires, He Wants To Withdraw $1.1 Billion At The Beginning Of Each Year For 9 Years From A Special Offshore Account That Will Pay 22 Percent Annually. In Order To Fund His​ Retirement, Mr.
(Future value of a complex​ annuity) Springfield mogul Montgomery​ Burns, age
70​, wants to retire at age 100 so he can steal candy from babies full time. Once Mr. Burns​ retires, he wants to withdraw $1.1 billion at the beginning of each year for 9 years from a special offshore account that will pay 22 percent annually. In order to fund his​ retirement, Mr. Burns will make 30 equal​ end-of-the-year deposits in this same special account that will pay 22 percent annually. How much money will Mr. Burns need at age​ 100, and how large of an annual deposit must he make to fund this retirement​ account?
a. If the retirement account will pay 22 percent​ annually, how much money will Mr. Burns need when he​ retires?
​$____billion ​(Round to three decimal​ places.)
b. How large of an annual deposit must he make to fund this retirement​ account?
​$_____million ​(Round to two decimal​ places.)