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Must show all your work. 1.) Gina has a 401K to which she's been contributing to...

Must show all your work.

1.) Gina has a 401K to which she's been contributing to for 15 years. She put in $300/month additionally her company contributes 80% of her contribution. The average annual interest rate is 7.90%

a. How much money is in the account at the moment?

b. How much money will Gina have in her account when she retires in 20 years?

c. How much of the account balance when she retires is interest?

d. In 20 years, Gina will stop contributing to her 401K and will finally retire. At this point she will do monthly withdrawals. The interest rate on her account stays the same.   How much money can Gina withdraw each month if she wants to withdraw for the next 25 years?

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