$**$Expert needs experience with eMoney$**$

Please help me put all the information into eMoney. Mainly need help with where to put the information in the picture.

Mike Mitchell's Email to John Burke

January $11,20$X$2$

Dear John and Mary:

I am sending you our complete case file of internal and external data collected along with:

Income Statement for the year $20$X$2$

Statement of Financial Position as of$(1)/(01)()/(20$X$2)$

Pie chart of your current Income Statement along with a benchmark pie chart

Pie chart of your current Statement of Financial Position along with a benchmark pie chart

Please review these for accuracy and we can discuss them at our next meeting on the $18$th$.$

Regards,

Mike Mitchell, CFP$$

Partner

Mitchell and Mitchell

$850-555-9876$

PERSONAL BACKGROUND AND INFORMATION COLLECTED

The Family

John Burke, age $30,$ is an assistant manager in the marketing department of Florida Gas. His annual salary is $$36,000.$ His wife, Mary, is an administrative assistant with an accounting firm. Mary is also $30$ years old and has an annual salary of $$26,000.$

John and Mary have been married for three years and have no children from their marriage. They hope to have two to three children in the next five years. However, John has one child, Patrick $($age $4),$ from a former marriage. Patrick lives with his mother, Kathy, out of state and as a result, John has not seen Patrick for three years.

John pays $$350$ per month in child support to Kathy for Patrick until he reaches age $18.$ John also pays for a term life insurance policy on himself for Kathy $($beneficiary$)$ as a result of the divorce. The contingent beneficiary on the policy is Patrick. Patrick's education is fully funded by a $529$ Plan established by Kathy's father.

EXTERNAL INFORMATION

Economic Information

$*$ Inflation is expected to be $3\mathrm{.}0\%$ annually.

The Burkes' salaries should increase $4\mathrm{.}0\%$ for the next five to ten years.

There is no state income tax.

It is expected that there will be a slow growth economy; stocks are expected to return an average of $9\mathrm{.}0\%$ annually

$.$

Bank Lending Rates

$15-$year mortgage rate is $5\mathrm{.}0\%.$

$30-$year mortgage rate is $5\mathrm{.}5\%.$

Secured personal loan rate is $8\mathrm{.}0\%.$

Credit card rates are $18\%.$

Prime rate is $3\mathrm{.}0\%.$

Expected Investment Returns

$*$ Their expected rate of return is $8\mathrm{.}5\%.$

Return

Standard

Deviation

Cash and Money Market Fund

$2\mathrm{.}5\%$

$2\mathrm{.}5\%$

Guaranteed Income Fund

$2\mathrm{.}5\%$

$2\mathrm{.}5\%$

Treasury Bond$($s$)/($ B$)$ond Funds

$4\mathrm{.}0\%$

$4\mathrm{.}0\%$

Corporate Bond$($s$)/($ B$)$ond Funds

$6\mathrm{.}0\%$

$5\mathrm{.}0\%$

Municipal Bond$($s$)/($ B$)$ond Funds

$5\mathrm{.}0\%$

$4\mathrm{.}0\%$

International Bond Funds

$7\mathrm{.}0\%$

$6\mathrm{.}0\%$

Index Fund

$9\mathrm{.}0\%$

$14\mathrm{.}0\%$

Large Cap Fund$($s$)/($S$)$tocks

$10\mathrm{.}0\%$

$16\mathrm{.}0\%$

Mi$($d$)/($S$)$mall Fund$($s$)/($S$)$tocks

$12\mathrm{.}0\%$

$18\mathrm{.}0\%$

International Stock Funds

$13\mathrm{.}0\%$

$22\mathrm{.}0\%$

Real Estate Funds

$8\mathrm{.}0\%$

$12\mathrm{.}0\%$

Bank Lending Rates

$15-$year mortgage rate is $5\mathrm{.}0\%.$

$30-$year mortgage rate is $5\mathrm{.}5\%.$

Secured personal loan rate is $8\mathrm{.}0\%.$

Credit card rates are $18\%.$

Prime rate is $3\mathrm{.}0\%.$

Expected Investment Returns

Their expected rate of return is $8\mathrm{.}5\%$