Realistic present value for potential lifetime earning


Assignment:

Construct a realistic present value for your potential lifetime earnings over your entire working life. Begin with your age(19) when you entered your first year of undergraduate education, which will be treated as t is equal to 0, and end with your projected retirement year, which will be labeled as R.

Each parameter that goes into your present value calculation needs to be customized to fit your life. These components may include an interest and discount rate; any schooling costs; annual earnings at your completed schooling level, and in your selected occupation, industry, etc.; and how the earnings will change over time with on-the-job training.

Please additionally incorporate at least one work relocation into your calculation. Then, calculate your present value of lifetime earnings. The calculation portion of your answer should be limited to one page.
 
Once you have done the calculation, briefly explain the origin of each component and why you have chosen it, along with every assumption being made, in essay form.

Then, briefly explain whether you think your present value of lifetime earnings is a small or a large number relative to the average person and why you think that is so.

This essay portion of your answer should be limited to two pages and in paragraph form, and it will be graded on its completeness and its originality.

Solution Preview :

Prepared by a verified Expert
Financial Accounting: Realistic present value for potential lifetime earning
Reference No:- TGS01751879

Now Priced at $30 (50% Discount)

Recommended (97%)

Rated (4.9/5)