Word File Edit View Insert Format Tools Table Window Help @ XN B o) 47%( SatJul 6 6:49PM [ XTI W V) RN X AutoSave @ @ @ Va financial_project_Fall_18 Saved to my Mac 2 Search (Cmd + Ctrl + U) [ETTgd bl Design Layout References Mailings RV V] (J Comments / Editing v | & Share v Calibri (Bo.. v 16 v A" A Aav | A A @ Pane | 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. BN I U v 3 x X i BV Dictate y LR CIICTg You will be comparing your future finances with someone who is not a college graduate. Assume that the median annual income for a high school graduate is $21,000, use this value in comparison statements. You should make use of absolute and relative change in some of the comparison statements in your paper. 1) Income Comparison: Research your expected income after you graduate. Assume you obtain whatever level of education needed to enter your desired area of employment. We recommend using 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. If using a different source, you must cite it. O Your reflection paper should explain what your desired area of employment is and what the median annual salary for that position is. O Your reflection paper should contain at least one statement comparing your expected salary with that of the median income of a high school graduate. Remember that absolute and relative change statements are an excellent way to compare values. 2) Housing Comparison: Assume that you and your high school graduate counterpart plan to spend 1/5t of your gross monthly income on house payments. Research the current fixed rate APR for mortgages and choose one that might fit your needs. Then use Excel to determine the largest value of a mortgage that each of you can afford to borrow under those conditions. O 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. O Explain in your reflection paper what Excel function was used for these calculations. Cite what Page1of2 781words [X English (United States) f>''