Millionaire Assignment

Millionaire Assignment I have a dream intimately my life, where I penury to live, what I want to drive, and what clothes I want to wear. If I have a million dollars, I would utilization the money wisely to do the followings: 1. Debt * Credit t alleviate apart residue$3,000 With the money I have I pass on be able to pay of my credence pecker debts easily. subsequently my credit badger account is paid-in-full, I would put the card in my drawer instead of cancelling it, beca intention cancelation of credit card will unhorse my credit score and cause the friendship rate on variable rate and new debt to increase. later on that, never use the card again. 2. Investment * 401k retirement excogitate (bankrate.com)$210,000 401k Retirement Plan| authentic 401k balance| $0| eld to invest (65-23)| 42| one- grade rate of come back| 10%| Annual contribution| $5,000| Employers 401k defend| 13%| descend ease up| $210,000| Total employer co ntribute| $27,300| Total at climb on 65| $3,199,838| Total without employer match| $2,831,698| By bestow my 401k up to my employers match, Im insure 100% return on my investment. The fact that the $5,000 I contribute every year will grow tax-deferred in my 401k for the abutting 42 years, the luck cost can be trio million dollars, common chord the money I have in hand even out now.

Since Im not contributing $210,000 right away, I will first put in a savings account to earn some interest: 401k Savings distinguish| | 2011| 2012| 2013| 2014| 2015| Principals| $205,000.00| $202,357.50| $199,684.61| $ 196,980.98| $194,246.27| Interest Rate| 1.! 15%| 1.15%| 1.15%| 1.15%| 1.15%| Interest see| $2,357.50| $2,327.11| $2,296.37| $2,265.28| $2,233.83| 3. Real res publica * Residential home for my family (gift to my parents) 3615 South Xenia Street, Denver CO 80237 3,175 foursquare feet, 4 bedrooms, 3.5 bathrooms single-family home Average price per square floor up - $135 Down payment$300,000 Home monomania Expense...If you want to aim a full essay, order it on our website: OrderCustomPaper.com

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