Question: I am so confused on how should I do the Fiancial Project2 I know I will like a education Job, https://www.bls.gov/ooh . Compare your salary

I am so confused on how should I do the Fiancial Project2 I know I will like a education Job,

https://www.bls.gov/ooh

.

Compare your salary to that of a high school graduate. How does your salary compare

to the high school graduate? Use

BOTH

an absolute change and relative change statement for your comparison.

Mortgage Loan

2. Assume you are planning on spending a certain amount of income towards a mortgage. The terms of the

mortgage are 1.85% APR for 30 years. You plan on spending 32% of your monthly gross income towards your

mortgage. Make sure to show at least 1 sample formula that you used in Excel to get the house price.

If you spend 32% of your monthly salary towards a house, what is the highest price house you can afford?

What is the highest priced house a high school graduate can afford?

Use an absolute or relative change statement to compare the house prices of the high school graduate and

your house.

Retirement Account

3. Assume that your selected job has a retirement plan that allows you to save for 38 years.

If 7% of your monthly income is put into a retirement account, how much should you expect if the annual

return is 4.99%?

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