Create a retirement plan for you Project your savings, taking into account that you will need to increase your deposits to counter inflation each year Write up the plan, including all figures, rates, and expected retirement income. You should conduct a survey of banks savings and loan companies, and credit unions in your aron. Research IRA retirement plans, 401(k) plans, 403(0) plans, 457(b) plans, etc. Your report should include the different types of savings accounts talable and the interest rates they pay include methods of payment as well as interest rates The following is just an example Substitute your own numbers in your project. Suppose that you decloth $3500 a month is enough for you, your research finds that the inflation averages 4% and that the best retirement account pays 6.5%. You must answer the following questions Due to inflation, what would be the equivalent of 53500 when you become 657 buit your retirement account pays 6,5% compounded monthly, how much do you need to Sve so that from age 85 to age 95 you receive the amount found in part(a)? How much do you need to save each month in your rogolar Account, which pays 889510 accumulate the amount in part (b/? d. How much have you paid toward your retirement fund at sige 657 Assuming that you di at age 50, how much money will be left to your hairs? How much Interest will they have earned? After doing your own collations using the example above, and researching several financial stations with composition of about three or four paragraphs that give the reader your choice of financiation type of account, and the reasoning by which you came to your decision Start with a brief description of your specifissionas well as your financial goals in your discusion show that you considered the factors mentioned in the cample above, plus any dditional factors that you used to make your decision Your composition whered on the following factor Comprehension You domote an understanding of the work and the of och TE w ChemCom Stv N A o F7 F8 F9 F10 Fll F12 Create a retirement plan for you Project your savings, taking into account that you will need to increase your deposits to counter inflation each year Write up the plan, including all figures, rates, and expected retirement income. You should conduct a survey of banks savings and loan companies, and credit unions in your aron. Research IRA retirement plans, 401(k) plans, 403(0) plans, 457(b) plans, etc. Your report should include the different types of savings accounts talable and the interest rates they pay include methods of payment as well as interest rates The following is just an example Substitute your own numbers in your project. Suppose that you decloth $3500 a month is enough for you, your research finds that the inflation averages 4% and that the best retirement account pays 6.5%. You must answer the following questions Due to inflation, what would be the equivalent of 53500 when you become 657 buit your retirement account pays 6,5% compounded monthly, how much do you need to Sve so that from age 85 to age 95 you receive the amount found in part(a)? How much do you need to save each month in your rogolar Account, which pays 889510 accumulate the amount in part (b/? d. How much have you paid toward your retirement fund at sige 657 Assuming that you di at age 50, how much money will be left to your hairs? How much Interest will they have earned? After doing your own collations using the example above, and researching several financial stations with composition of about three or four paragraphs that give the reader your choice of financiation type of account, and the reasoning by which you came to your decision Start with a brief description of your specifissionas well as your financial goals in your discusion show that you considered the factors mentioned in the cample above, plus any dditional factors that you used to make your decision Your composition whered on the following factor Comprehension You domote an understanding of the work and the of och TE w ChemCom Stv N A o F7 F8 F9 F10 Fll F12