Question: Write a question relating to your personal finances or the finances of a past/previous employer. The question should be answerable using what you have learned
Write a question relating to your personal finances or the finances of a past/previous employer. The question should be answerable using what you have learned in either of the past two modules. To preserve privacy, you can change the financial numbers, fictionalize the scenarios, and/or change the names of the people involved. Here are some examples of types of questions you could ask:
- Based on the annual amount you will want to withdraw during retirement, how much do you need to contribute to your retirement fund on an annual basis in order to retire in 20 years? Be sure to take into account the amount currently in your retirement fund, the interest rate on your savings, and the number of years you expect to make withdraws.
- You have a child entering first grade and want to have enough saved to pay for four years of college tuition at a typical in-state school. How much do you need to save on an annual basis in order to have enough to cover college tuition? Be sure to take into account the current tuition at in-state schools, the projected inflation rate for tuition, and the interest rate of your savings.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
