I need help please it can be any career

Compound Interest is interest calculated on both the initial principal (amount you put in) and accumulated interest (what you earned on the principal) So you are earning interest and reinvesting that interest back into an investment. In other words you are earning "interest on interest." Compound interest is a way to multiply your money at a faster rate. Take a look at Jack and Jill. Who is better off? What is the lesson when it comes to your retirement? Review the following chart and answer the questions: 1.) At what age did Jill start saving? 2.) At what age did Jack start saving? 3.) How much did each contribute to the fund? 4.) How was Jill able to accumulate more money than Jack? 5.) What is the lesson of this chart? Compound Interest Retirement, although a long ways away, is a time when your finances change from work-related income to income from Social Security, private savings, investments, and other benefits. How much money will you need to retire? Let's imagine you are going to retire at 65. How many years is that? Your monthly social security contributions will be $1,650. #1 - Access the retirement calculator What is 80% of your annual average income based on the career you selected? 1. Enter the amount you will need yearly - 80% of your annual average income. 2. Years until retirement: subtract your current age from your retirement age and enter it in the 2nd box. 3. Imagine you will live until you are 90 - this is the nears of income you need after retirement (25years) 4. In the annual inflation field, use 3 5. For the annual yield on balance field, use 5 as your value. 6. Click calculate. 7. Copy and paste the results page into your presentation. ANSWER this question: 1. Will you have enough money to retire at the age you chose? - Top center - the career you wish to pursue - Picture - Education I training required - Median Salary _ 1. Take the average salary and subtract $10,400. 2. Find the taxes owed from the IRS tax chart for the amount above. 3. Take the tax owed (from the tax chart) and subtract from your average salary. This will be your NET yearly. 4. To find your net monthly - take the net yearly and divide by 12. - Monthly Pay - Amount for saving each month - 20% (write the total) 10% - savings account (how much?) 10% - investing (how much) - Monthly spending budget (80%) Choose a vehicle you think you can afford. Using the calculations, see if it will work for you. If not, select another vehicle! Monthly Net Income 15% of monthly net income Make Model Year Miles if applicable Price of car Tax 7% DMV Fees $500 TOTAL: Money down $5,000 Total financed (total price minus down payment) + interest 5% = What is term financed: 36 months, 48, or 60 (choose 1) What is your payment Add insurance +150 TOTAL monthly car bill Is it under the 15%? If no, find another car!!!!!!!!!!!!!! Make sure to include a picture of the vehicle. Directions: After you have completed pages 1-6 of your project, download and complete the following budget worksheet. Look over the amounts in the different budget categories. Fill in all dark blue boxes. Make any changes to the other boxes as needed. For example, if your career does not require any college or trade school then delete the educational loan amount) This is submitted separately from your actual project. (we still have pages to add) PROJECT BUDGET ATTACH THE COMPLETED BUDGET WORKSHEET AND ANSWER the following: 1 - Look at the top right orange "balance" box. Do you have a positive balance or a negative balance (negative will be in parenthesis)? 2 - If you are in the positive balance, what can you do with the extra money? How much more would you put into savings? What would you save for? 3 - If you are in the negative, where would you adjust your budget? You have your apartment, you have your vehicle, and now it's time to shop for furniture. Using the internet, shop for a living room set (sofa, chair, table, lighting, tv stand) and a bedroom set (bed, mattress, dresser, and nightstand). You will have to finance the total amount. Let's assume you have good credit and will pay as advertised. Living room total What is your total monthly payment for the living room? Given the total amount financed and the amount of months, how much will you be paying total? Does this realistically fit into your budget? INCLUDE a picture of your furniture. Bed room total What is your total monthly payment for the living room? Given the total amount financed and the amount of months, how much will you be paying total? Does this realistically fit into your budget? INCLUDE a picture of your furniture. Assume your APR will be 4.75% for either 12, 24, or 36 months - On the bottom of your shopping list: Take the total weekly budget and find the monthly budget. WRITE and HIGHLIGHT the total Monthly Grocery Budget - this is for food not incidentals Whoo Hoo!!! This is the last part! In a short essay - answer the following question: - What did you learn by completing the individual project? (3 things with explanation) Rent should be between 25% to 30% of your gross income per yeah 28% of your monthly net: SUBTRACT 235 = (this is what you can afford) IF your apartment does not include utilities - then subtract $235 from the monthly allotment. THIS will be what you can afford in rent. Using the internet, find an apartment. Total Rent per month: Website (try apartments.com, zillow, etc): Amenities included: Utilities included: (if any) Include a Picture and description of apartment Other expenses (if not included in rent) to consider for your living expense budget. Water - $25 Trash - $20 Power Bill - $100 Cable & internet - $90 EXAMPLE: If I have $1,000 per month to spend in my budget for housing I have to subtract the other expenses: 1,000 - 235 = 765... Sol have to look for rent in the $765 range to stay within my budget