Remi graduated with a degree in computer engineering and will start a job making $65,000 per year in after-tax income. Raina’s degree is in political science and the job she was offered pays $48,000 per year in after-tax income. Assume Remi and Raina will live together and split living expenses of $50,000 per year. Using this information and the information contained in Problem 11, what is the expected net worth of Remi in two years? What is Raina’s expected net worth in two years assuming her student loan debt payment is $650 per month?

Data From Problem 11

Remi and Raina will both receive $100,000 from their grandfather when they graduate college next month. Remi went to a public university and accumulated $25,000 in total student loan debt. Raina attended a private college and accumulated $176,000 in total debt. Compare the net worth of Remi and Raina after receiving their inheritance.