Hide Assignment Information

Group Category

Groups Assignment $2$

Group Name

Group $2$

Instructions

FNCE $627$ Personal Financial Planning

Group Project $-$ Case Study Guideline

Introduction:

In your groups develop a detailed thought experiment about your lifetime's earnings. Start from where you are today: how much income per year are you expected to make in $2024.$ Then, developed a sound and well$-$thought projection of your lifetime's earnings. Project your earnings until the year you turn $70$ years$-$old. Do that for every single person in your group. Make sure each individual case is well thought, argued, and explain in your deliverable.

Questions to be answered:

What is your asking price to give the right to someone to get $10\%$ of your group lifetime's earnings? You have to come up with a dollar amount that you would be willing to receive today in exchange for $10\%$ of your group yearly lifetime's earnings.

How would you distribute the asking sum $($dollar amount you asked for in question $1)$ among your team members? Elaborate.

What would each of you do with the money you receive? Elaborate.

Think about the incentives both $($positive and negative$)$ that this transaction might cause. Elaborate.

Deliverables:

$1.$ A well formatted and readable Excel. Make sure it has formulas. It is properly formatted. And, that it has ALL assumptions and ALL answers clearly highlighted.

$2.$ A short slide deck with your main assumptions and your answers to the questions above