Ine Economic Analysis Project on a current Event: Mortgage Indus Engineering Economic Analysis Project on Income after As a fresh college graduate, you recently resumed a dream job with While your starting annual salary is $50,000, you are expected to receive annual salary puts you in the 20% income tax bracket. (Also os med a dream job with a top engineering firm. ou are expected to receive a 4% annual pay raise and your 20% income tax bracket. (Also assume you get no tax refund in each tax season Expenses 1) You have decided to move on to the next big phase of your life - becoming To this end, you take on a 30 year, 7% mortgage with an original balance of $150 You start paying monthly mortgage patments. 2) Each month, you also pay $250 into a reserve account, which the bank uses to pay your home insurance and property taxes. 3) Your total monthly expenses for other necessities including food, transportation, personal entertainment, etc is $650 and you expect this to increase by 4% annually. 4) Given your passion for continuous personal development, you have plans or attending graduate school 3 years from now. The graduate school program is structured such that you are expected to graduate in 2 years, with a projected annual tuition of $25,000. Your company has tuition reimbursement policy of only up to $10,000 per year. To take care of the portion of your tuition not covered by the company, you have decided to set up rraduate school fund account with a bank offering a 4% annual interest rate. You also want to set up saving accounts for your retirement of old ages and set up another account fo emergencies As a "overall saving plan", each month, you put the following percentages of whatever left of your monthly income (after all your expenses have been covered): 4.1) 30% into the graduate school fund account (this account pays back 4% interest) 4.2) 40% into a 6% retirement funds account, 4.3) 30% into a 2% emergency savings account. Alternative Loan Options: In the event that your graduate school fund account cannot cover your sha of the tuition, you can cover the balance through a 5% additional bank loan, which you will start to Renav monthly at the end your program (i.e. at the end of year 2) over a period of 3 years. That is ifr de vou saved in gradute school account (4.1) is not enough, you can take additional loan to pay it it charge requires to be paid when you finish the school. It must be paid within Ine Economic Analysis Project on a current Event: Mortgage Indus Engineering Economic Analysis Project on Income after As a fresh college graduate, you recently resumed a dream job with While your starting annual salary is $50,000, you are expected to receive annual salary puts you in the 20% income tax bracket. (Also os med a dream job with a top engineering firm. ou are expected to receive a 4% annual pay raise and your 20% income tax bracket. (Also assume you get no tax refund in each tax season Expenses 1) You have decided to move on to the next big phase of your life - becoming To this end, you take on a 30 year, 7% mortgage with an original balance of $150 You start paying monthly mortgage patments. 2) Each month, you also pay $250 into a reserve account, which the bank uses to pay your home insurance and property taxes. 3) Your total monthly expenses for other necessities including food, transportation, personal entertainment, etc is $650 and you expect this to increase by 4% annually. 4) Given your passion for continuous personal development, you have plans or attending graduate school 3 years from now. The graduate school program is structured such that you are expected to graduate in 2 years, with a projected annual tuition of $25,000. Your company has tuition reimbursement policy of only up to $10,000 per year. To take care of the portion of your tuition not covered by the company, you have decided to set up rraduate school fund account with a bank offering a 4% annual interest rate. You also want to set up saving accounts for your retirement of old ages and set up another account fo emergencies As a "overall saving plan", each month, you put the following percentages of whatever left of your monthly income (after all your expenses have been covered): 4.1) 30% into the graduate school fund account (this account pays back 4% interest) 4.2) 40% into a 6% retirement funds account, 4.3) 30% into a 2% emergency savings account. Alternative Loan Options: In the event that your graduate school fund account cannot cover your sha of the tuition, you can cover the balance through a 5% additional bank loan, which you will start to Renav monthly at the end your program (i.e. at the end of year 2) over a period of 3 years. That is ifr de vou saved in gradute school account (4.1) is not enough, you can take additional loan to pay it it charge requires to be paid when you finish the school. It must be paid within