Is an experienced Project Engineer and is employed by one of the largest engineering consulting firms in
Question:
Is an experienced Project Engineer and is employed by one of the largest engineering consulting firms in Australia. The job security is high. However, the scope for further career advancement is not good
Chris enjoys the technical aspects of engineering and has little interest in promotion to a management role.
Chris works regular hours and the occasional weekend. Chris is a keen cyclist and likes to spend much of any free time riding with friends.
Chris rents a studio apartment but would like to purchase an apartment within the next five years.
Chris has a good understanding of financial markets and is familiar with risk and return. - Both personally and financially, Chris is considered to be a risk taker.
QUESTION:
1. Assess the objective of repaying the car loan within 3 years (assume the interest rate is 10%)
2. Discuss the scope to establish a savings plan to enable CHRIS to take leave of absence from his job to work overseas as a volunteer in a refugee camp for a period of one year (assume the required savings goal is AUD38,000 and an interest rate on savings of 5%
3. CHRIS holds a well paid job that offers good career progression. She is relatively young and has many years remaining in the workforce until retirement. Her salary should steadily increase with time and the amount of surplus money should also increase.Outline the types of investments she should consider for the allocation of surplus money.
International Business
ISBN: 9781292274157
8th Edition
Authors: Simon Collinson, Rajneesh Narula, Alan M. Rugman