1) John has newly accepted position with state agency which has retirement pension plan which needs joint contributions by employee and employer. John is now 10 years from retirement age of 65 and expects to add $400 per year to the plan, that will make him eligible for payments of= $1,000 per year for remainder of his life, starting at the age of sixty five. John's retirement plan is optional; hence, he is considering alternative to invest annually the amount equal to his $400 per year contribution. If John suppose his investments would earn 8% annually, and his life expectancy is 80 years, must he invest in his own plan or must he make contributions to his employer's fund?

Study both alternatives and create recommendation. Illustrate all computations and describe your reasons. Write any assumptions you make.
Demonstrate your work as a 2-page report in a Word document formatted in APA style.