Question 2 - Retirement Saving for Jenny Jenny is considering opening an IRA in preparation for her retirement. She plans to save $8,000 per year with the first investment made one year from now. Her retirement account earns 6% per year on her investments and she plans to retire in 30 years, immediately after making the last $8,000 investment a. How much will she have in her retirement account on the day of her retirement? b. If she hopes to live for 30 years in retirement, how much can she withdraw every year in retirement (starting one year after retirement) so that she will just exhaust her savings with the 30" withdrawal? Assume that her savings will continue to earn 6% in retirement. C. If, instead, she decides to withdraw $60,000 per year in retirement (again with the first withdrawal one year after retiring), how many years will it take until she exhausts her savings? Assume that her savings will continue to earn 6% in retirement. d. If she hopes to retire having $1,000,000 saved in her retirement account, what is the minimum annual return that her retirement account must earn for the next 30 years? Assume that she keeps saving $8,000 per year with the first investment made one year from now