Financial planning case $2-1$

Financial planning case $2-1$

The Harry and Belinda Johnson Family Might Have a Career Change

Harry has started out fine in his career as his responsibilities have increased since he began working there about five years ago. Belinda recently attended a conference for those in her stock brokerage field and by chance she dropped in at the "career search" room. She saw job opportunities there that fit her skill set that offered salaries of $$73,000$ to $$76,000$ in nearby Parkville, Missouri, only about a $30-$minute commute away.

a$.$ If a new employer offered Belinda $$76,000$ to move and the relative cost index for the new community was $117,$ how does that compare to her current salary of $$72,000$ in Kansas City assuming the index in the latter is $124?$ Round your answer to nearest whole dollar.

Parkville salary of $$76,000$ is equal to $ $$ in buying power in Kansas City.

b$.$ Do you think she should take the new job?

The Parkville salary as adjusted $$ the Kansas City salary so she $$ take the new job.