3. If you invest $15,000 a year at the beginning of each year for the next 30 years in an account that earns 8 percent annual return, how much will you have in the account in 30 years? 4. John Watts has just retired after 35 years with a company. His total pension funds have an accumulated value of $1,500,000, and his life expectancy is 25 more years. His pension fund manager assumes he can earn a 7 percent annual return on his assets What will be his yearly annuity (i.e., the annual withdrawal amount) for the next 25 years