Outline a program for your own retirement. In the process of writing this paper, answer the following questions. You will need to state your assumptions about interest and inflation rates.

a. What monthly amount of money today would provide you a comfortable living?

b. Using the answer to part a, project that amount to your own retirement, calculating the effects of inflation. Use your own age and assume that you will retire at age 65 .

c. How much money would you need to have accumulated to provide the amount you found in part \(\mathbf{b}\), if you decide to live on the interest only?

d. If you set up a sinking fund to provide the amount you found in part \(\mathbf{c}\), how much would you need to deposit each month?

e. Offer some alternatives to the sinking fund you considered in part d.

f. Draw some conclusions about your retirement.