Assume you are single and have graduated from university. Your monthly takehome pay is $2,100, and your
Question:
Assume you are single and have graduated from university. Your monthly takehome pay is $2,100, and your monthly expenses total $1,800, leaving you with a monthly surplus of $300. Develop a personal plan of action for investing like the one illustrated in Exhibit 10–5.
Data in Exhibit 10–5.
Transcribed Image Text:
Step 1 My investment goals are to begin a retirement program Step 4 Possible investment alternatives GIC a. b. Stocks c Corporate Bonds d. Gold Step 6 Investment decision based on the top 3 GIC 1. 2. Corporate Bonds 14:30 PM Step 2 By Jan 1, 20 22 have obtained $ 75,000 Signed Salomé Mari Step 5a Evaluation of risk factor for each alternative Low Risk a. b. More Risk c. Moderate Risk d. Very High Risk Step 7 ..I will Final decision based on re-evaluation of top 3 GIC 1. 2. Mutual Fund Step 3 I have $42,000 available for investment purposes. Date Jan 1, 2018 Step 5b a. b. 4%-10% c. 4%-7% d. ??? Evaluation of projected return for each investment alternative 1% -3% GELTER Step 8 Continued evaluation of your Investment choices
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (12 reviews)
ANSWER Congratulations on your graduation and your surplus income of 300 per month Heres a personal ...View the full answer
Answered By
Ma Kristhia Mae Fuerte
I have extensive tutoring experience, having worked as a private tutor for over three years. I have tutored students from different academic levels, including high school, undergraduate, and graduate levels. My tutoring experience has taught me to be patient, attentive to student needs, and effective in communicating difficult concepts in simple terms.
I have a strong background in statistics, probability theory, data analysis, and data visualization. I am proficient in using statistical software such as R, Python, and SPSS, which are commonly used in academic research and data analysis. Additionally, I have excellent communication and interpersonal skills, which enable me to establish rapport with students, understand their learning styles, and adapt my teaching approach to meet their needs.
I am passionate about teaching and helping students achieve their academic goals.
0.00
0 Reviews
10+ Question Solved
Related Book For
Personal Finance
ISBN: 9781259650659
7th Canadian Edition
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Arshad Ahmad, Jordan Fortino
Question Posted:
Students also viewed these Business questions
-
Assume you are single and have graduated from college. Your monthly take-home pay is $2,500 and your monthly expenses total $2,300, leaving you with a monthly surplus of $200. Develop a personal plan...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
The Digit-All Company sells a product called ReCord for $15 each and uses a perpetual inventory system to account for its merchandise. The beginning balance of ReCords and transactions during July...
-
If you place a charged object next to an uncharged object thatis a conductor, If you place a charged object next to an uncharged object thatis a conductor, A) The force depends on whether the charge...
-
A firm has earnings of $12,000 before interest, depreciation, and taxes. A new piece of equipment is installed at a cost of $10,000. The equipment will be depreciated over five years, and the firm...
-
At a given temperature, K = 1.3 10 -2 for the reaction N(g) + 3H(g)2NH(g) Calculate values of K for the following reactions at this temperature a. N(g) + H(g) NH3(g) b. 2NH(g) c. NH3(g) d. 2N(g) +...
-
Which of the following flowcharts illustrates the flow of information among areas of responsibility in an organization? a. program flowchart c. system flowchart b. computer configuration chart d....
-
I thought lean production was supposed to make us more efficient commented Ben Carrick, manufacturing vice president of Vorelli Industries. But just look at Junes manufacturing variances for Zets....
-
Sunshine Company manufactures a cleaning solvent. The company employs both skilled and unskilled workers. To produce one 55-gallon drum of solvent requires Materials A and B as well as skilled labor...
-
George McElroy of Quality Sign Company in Visalia, California needs to buy a crane and is considering several options to do so. Examine the financial information provided, and prepare a...
-
What is disability income insurance?
-
What is health insurance, and what is its purpose?
-
In Problems 750, follow Steps 1 through 7 on page 367 to graph each function. Steps for Graphing a Rational Function R STEP 1: Factor the numerator and denominator of R. Find the domain of the...
-
Why is the gold standard a type of fixed exchange rate system?
-
What was the initial goal of the World Bank?
-
Why was the IFC established by the World Bank?
-
Why are quotas important to IMF members?
-
Discuss the strengths and weaknesses of the country-based trade theories and the firm-based trade theories.
-
If n = 400 and X = 25, construct a 99% confidence interval estimate for the population proportion.
-
How has the too-big-to-fail policy been limited in the FDICIA legislation? How might limiting the too-big-to-fail policy help reduce the risk of a future banking crisis?
-
What is health insurance and what is its purpose?
-
What are several types of health insurance coverage available under group and individual policies?
-
How can you analyze the costs and benefits of your health insurance policy?
-
A firm is evaluating an investment proposal to instal new milling machines. The project requires an initial investment of R 5 0 0 0 0 . The equipment has a lifespan of 5 years and no salvage value....
-
A 9 . 1 % coupon bond issued by the state of Indiana sells for $ 1 , 0 0 0 . What coupon rate on a corporate bond selling at its $ 1 , 0 0 0 par value would produce the same after - tax return to the...
-
Z-Mart completes a $1,000 credit sale with terms of 2/10, n/45. Why is the cost of goods sold debited to the account and merchandise inventory credit
Study smarter with the SolutionInn App