3-3 Kraft Foods executives have fifteen thousand dollars placed in their 401K retirement program at the...

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3-3 Kraft Foods executives have fifteen thousand dollars placed in their 401K retirement program at the end of each year as part of their compensation. John Trump has worked for Kraft for twenty-five years and his 401K plan has had an average annual return of 10% per year. a. What is the total value of Trump's 401K account? b. Trump retires at the end of his twenty-fifth year and begins withdrawing from the account. He expects to live another twenty years. If the account continues to earn 10% while funds are still on deposit, how much will each annual withdrawal (as an ordinary annuity) be? 3-3 Kraft Foods executives have fifteen thousand dollars placed in their 401K retirement program at the end of each year as part of their compensation. John Trump has worked for Kraft for twenty-five years and his 401K plan has had an average annual return of 10% per year. a. What is the total value of Trump's 401K account? b. Trump retires at the end of his twenty-fifth year and begins withdrawing from the account. He expects to live another twenty years. If the account continues to earn 10% while funds are still on deposit, how much will each annual withdrawal (as an ordinary annuity) be?