Retirement Plan
Matching up to 6%
You have recently graduated with a Bachelors degree in Hospitality Management from the Woodbury School of Business. After applying at several hotels you are offered a position, which you accept, as a sales coordinator at a limited service hotel. The starting salary is competitive and the company is experiencing substantial growth and great opportunities abound. The company also offers a competitive benefits package including matching 401k contributions up to 6%.
Starting Annual Salary			US$30,000
Salary Growth Rate (Yr 0 to 10)			10%
Salary Growth Rate (Yr 11 to 20)			5%
Salary Growth Rate (Yr 21 to 40)			3%
Company Contribution			6%
Individual Contribution			6%
Investment Interest Rate			12%
Part 1: Fill in the table below using the information contained in the table above then answer the questions at the bottom of the table. (3 pts)
Year	Salary	Annual Individual Contribution	Total Contributed Annually	Interest Earned On Principle	Ending Principle
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