Ive Percent Annual return over a lifetime
a?Five Percent Annual return over a lifetimea?
Write a one (1) page paper which addresses the following questions below. Each question must be placed as a Section Heading Topic within the paper (for example: Question #1, would be the topic and below the topic in a separate paragraph would follow the response to the question)
1. Assume that $200.00 per month goes into your 401(k), given that amount,
determine the savings that a 5% annual return would result over the course of your lifetime (assuming you live to be 100 years old). Discuss why this is motivating to you to continue to save.
2. Looking at bettering your long-term financial situation, explain how you would invest the money you would save each year. Estimate how different your financial situation would look if you continued saving and investing over a 10-year period.
3. Include four (4) external peer-reviewed sources from the last five (5) years to support the content of the paper. (i.e. E-journals, Academic journals, Harvard Peer Review Journals, Journal of Management, etc.,) to support your position (No Newspaper articles or magazine articles).
Assignment must follow these formatting requirements:
a? Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA style format.
a? Also, please check against Plagiarism software