Math 101 Mathematics of Money Saturdays 0830-1125 PROJECT This project is designed to help the student form an in-depth perspective into their financial future. The project is due the final day of class May 2nd, 2020. Make it look professional as if you were handing into a potential employer. 1) Find a profession you are considering pursuing. Go to bls.gov and determine what the mean salary would be. What would that salary have to be in 20 years assuming that inflation was 3%? 2) Look up tax rates and determine what your gross and net pay would be each month. Set up a monthly budget (housing, utilities, food, entertainment, etc) and create a spreadsheet of the breakdown. How much are you saving? 3) Take your savings and determine how much money you will have in 10 years, 20 years, 30 years if you were getting 1%, 4%, or 10%. Assume you were saving the same amount every month. (Hint: This is an annuity payment and there should be a total of 9 different amounts) Math 101 Mathematics of Money Saturdays 0830-1125 PROJECT This project is designed to help the student form an in-depth perspective into their financial future. The project is due the final day of class May 2nd, 2020. Make it look professional as if you were handing into a potential employer. 1) Find a profession you are considering pursuing. Go to bls.gov and determine what the mean salary would be. What would that salary have to be in 20 years assuming that inflation was 3%? 2) Look up tax rates and determine what your gross and net pay would be each month. Set up a monthly budget (housing, utilities, food, entertainment, etc) and create a spreadsheet of the breakdown. How much are you saving? 3) Take your savings and determine how much money you will have in 10 years, 20 years, 30 years if you were getting 1%, 4%, or 10%. Assume you were saving the same amount every month. (Hint: This is an annuity payment and there should be a total of 9 different amounts)