Chris is a 26 year old friend from college who works as a manager at a local bottling factory. He just finished paying off his student loans and credit card debt and is asking for your advice to help him budget his money for the next 20 years. As part of this assignment, create a detailed plan, with your assigned group, for Chris for the next 20 years. The detailed financial plan should include taxes and living expenses.

Use the following assumptions about Chriss earning and inflation:

• Salary: $80,000/year
• Annual Pay Increase: 4%
• Annual Inflation: 2%