Roger Water's 22-ycar-old daughter Kashmir has just accepted a job with Interactive Intelligence Inc. (ININ), an up and coming technology firm from Indianapolis. ININ offers employees a Traditional 401(k) plan to which employees may contribute 5 percent of their salary. ININ will match S0.50 for every dollar contributed. Kashmir's starting salary is S32,000. 1. If Kashmir participates and the 401(k) earns 10% annually, how much will she have accumulated in 45 years (to age 67) even if her salary does not change? 2. If she does not participate and annually contributes S1,600 on her own to a basic (non-retirement) brokerage account, how much will she have accumulated if she carns 10 percent (before tax) and is in the 20% federal income tax bracket? 3. If she retires at age 67, given the amounts in () and (2), how much can Kashmir withdraw and spend cach year for 20 years from each alternative? Assume she continues to earn 10 % ( before tax ) and remains in the 20% federal income tax bracket. Roger Water's 22-ycar-old daughter Kashmir has just accepted a job with Interactive Intelligence Inc. (ININ), an up and coming technology firm from Indianapolis. ININ offers employees a Traditional 401(k) plan to which employees may contribute 5 percent of their salary. ININ will match S0.50 for every dollar contributed. Kashmir's starting salary is S32,000. 1. If Kashmir participates and the 401(k) earns 10% annually, how much will she have accumulated in 45 years (to age 67) even if her salary does not change? 2. If she does not participate and annually contributes S1,600 on her own to a basic (non-retirement) brokerage account, how much will she have accumulated if she carns 10 percent (before tax) and is in the 20% federal income tax bracket? 3. If she retires at age 67, given the amounts in () and (2), how much can Kashmir withdraw and spend cach year for 20 years from each alternative? Assume she continues to earn 10 % ( before tax ) and remains in the 20% federal income tax bracket