ebook Financial planning case 2-2 Victor Hernandez. Considers a Career Change Victor is somewhat satisfied with his sales career and has always wondered about a career as a teacher in a public school. He would have to take a year off work to go back to college to obtain his teaching certificate, and that would mean giving up his 547,000 salary for a year. Victor expects that he could eam about the same income as a teacher Round your answers to the netest dollar calculations to four decimal places. (Hint: Use Appendix A-1.) What would his annual income be after 11 years as a teacher if he received an average 3 percent raise every year? Round Future Value of a Single Amount in intermediate $ b. Victor also could earn $6,000 each year teaching during the summers. What is the accumulated future value of eaming those annual amounts over 11 years assuming a 6 percent raise every year? Round Future Value of a Series of Equal Amounts in intermediate calculations to four decimal places. (Hint: Use Appendix A-3.) SEDE WIDWIDE HOW YORK 1 SEL LASER POTI 1 we 0777 23 ISHR HOLT car 7100 10300 M 760300 570 714 1418 LA GI 134 CE M CE are 171 M TA SEN MORE 19.00 SEK MTE LINI 28 17 I ruer VOIR TI HIPP 204 SI 10 WISE 0001 STI SWT PRE SIET tru w BRO San 4341 WATU 12 8 11 2013 19 1841 SE SUR NY IN WYN HIER IVO RA WA SANS IGRE WIDE CE 000 IRI VE 121 1 ME INTE HE 55.2001 HIP 16 100 810 TO LE 10 VA SORE! EU SON WH NIE HARE BE POLE NE WE IST 111 RE 16188 IEEE WA NO HE RE IN 3656 165 02 WEISE 000 101 141 HA 13001 TO 1141 MIL 655 HO 11 19 CSKE CI RH His 1240 1010 MS WS NIE EXT ORE DOCE CVE TE 1 CO 6104 COM LOGI PR OP 22 PONSE WIE 11 II WS TORE IRON SIDO IMTE WI II LETO 100 20 RE ON RSS WE NE WE CARD HOT 22000 Et SIS HONE COSE HAZE 16 10 EL RE WE KORT PO (04 USE QUE NILS WIL SISEL IKI CI TIVOLI SEES SOCIAL PISY SHE WE GE SEYE STE 1 ME SIDE BE WS 1297 10 SUITE DE 61 61 CSS 2112 20122 1 1200 HISE DER SESE 2101 HOT SE 7 SET TOLL US PEIP BOVE HET DS KOLE E SUEEL IT OWS SRTE SS 27 000 1997 5 MO SIE GE WE ROY SOL KHZ OL POI SIISE Hod 2557 Z 112 27730 209 22101 1973 11 SAN LOVI 110 13 15036 1418 OT WC GS ESKI 20 26000 2.0 30110 1.700 246 OSE 15050 15003 1100 165 340 SIE 9. 1 11 11046 10 om 105111111111 > 1171 1001 . 12299 116 7101 11 11 1.1962 5 105110111 119 od 19406 10 10512 TOT 10 1 1016 10201004 1.500 1000000 1 4% 2% 15 n MET VEZ 15 13 IDOT 26 20 1000 1304 135 1403 500 1 tas 147 15 14118 12950 50195 1990 O STOVI WOLFI 1 091 HOL REL SOCH 11106 1560 1 MOO 18739 16016 1300 1.1700 TO THE 40951 EL 12195 115 SEST 0 181 GON! 50:51 STEEL 006 SES I SOT 1180 CI KOZ ! 12100 11000 001 361 INIT GOO %6 1.100 14% 12250 11910 11 1236 10500 10700 7% LOSE 18% 17% 16% XSI 13% 12% 0001 %8 SIL KOL %9 %5 SE Future Value of a Known Lump Sum) Future Value of a Single Amount (51 at the End of n Periods) (Used to compute the compounded Appendix A-1
