Math 123 Quantitative Reasoning Project Spring 2017 Financial Project Due: As an Ivy Tech student, you are making an investment in your education. This project will look at how that investment will pay off if you graduate and get a job in your desired field. Assume that the median annual income for a high school graduate is $25,000. This is the value that you will be comparing your expected salary and lifestyle to in the following areas: 1) Income Comparison: Research your expected income after you graduate college. Assume you obtain whatever level of education needed to enter your desired area of employment and that you will have a salary equivalent to the annual Median salary found at: http://www.bls.gov/oes/current/oes_in.htm#27-0000 *You will need to click on your desired career in order to see the Annual Median wage. Your reflection paper should explain what your desired area of employment is and what the median annual salary for that position is. Your reflection paper should contain at least one statement comparing your expected salary with that of the median income of a high school graduate. 2) Housing Comparison: Assume that you and your high school graduate counterpart plan to spend 25% of your gross income on house payments. Look up the current fixed rate APR for mortgages and use Excel to determine the largest value of a house that each of you can afford under those conditions. Your reflection paper should contain at least one statement comparing the value of the house that a high school graduate can afford and that you expect to be able to afford. Explain in your reflection paper what Excel function was used for these calculations. Cite what source you used to find mortgage rates. Research housing costs area where vo d like to live. Will your future salary allow you