Consider that you have initially invested $30K for your eductation.
Also assume that you have a $20K loan and interest rate on the loan is 6% (fixed APR compounded early). The student loan will be paid over 10 years
Research what a likely income is for your career choice. Give a title and description for your career choice.Document and show how you obtained the salary number.
After your first year income, assume that your income will increase by 2% each year.
General living expenses and taxes will start at 60% of your income. Expenses will also increase at 2% per year
Find the present worth of your plan starting in 2015 and running for 35 years. For your NPV analysis, use an interest rate of 15%.
Find the rate of return that will make the net present worth equal to zero
How many years will it take to make one million dollars if you save 10% of your income ( you can deposit your savings at 9% APR compounded yearly)
(ASSUME ALL NECESSARY DETAILS). WORK AND METHOD EXPLANATION SHOULD BE DOCUMENTED IN BUSINESS FORMAT. CALCULATIONS NEED TO BE DONE IN EXCEL.