Detailed Analysis of al ' s 1 0 - Year Financial Plan: 1 . Assumptions: - Gross
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Question:
Detailed Analysis of als Year Financial Plan:
Assumptions:
Gross salary: $
Net salary: of gross $
Raise: every years Years
Rentutilities: $month
Living expenses: $month
Student loan: $ at interest, repaid over years
Credit card: $ at interest, repaid over years
Car loan: $ at interest, repaid over years
Car insurance: $month
Car fuel & maintenance: $month
Condo down payment fund: $ over years at compounded monthly
Retirement savings: of net salary, at compounded monthly
Condo Purchase Price Calculation:
Target down payment: $
Target down payment :
Explanation:
Formula: Down payment Down payment Condo price
Calculation: $$
Maximum affordable condo price: $
Retirement Savings Calculation:
of net salary saved per month for retirement
Earning annually, compounded monthly
Total after years: $
Car Replacement Fund Calculation:
$ saved per month for years after loan paid off
At compounded monthly $ after years
Answer
Conclusion:
The maximum condo purchase price al can afford is $
Retirement savings after years: $
Car replacement fund after years: $ can you make excel table with this data
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: