Part IV: Put it All Together

Joan wants to combine all of her saving goals into one overall financial plan.

13. Complete the table below using the figures you calculated for her car, house and retirement savings goals. If you prefer to work electronically, here isJoan's Savings Plan spreadsheet that aligns with the chart below.(Make sure to copy and paste answers to the chart below)

• For Car Savings and Payments and House Savings and Payments, be sure to include both the amounts Joan needs to save annually PRIOR to purchase, as well as her loan payments AFTER purchase.
• Add the Car + House + Retirement amounts to get the Total Savings and Loan Payments and calculate it as a percentage of Joan's salary.

Year	Salary	Car Savings & Payments	House Savings & Payments	Retirement Savings	Total Savings and Payments	Total Savings and Payments as % of Salary
Cash flows	3% increase annually	Save for 3, Pay for 5	Save for 10, Pay for 30	Save for 30
1	50000		4000	10260	14260	28.52%
2	51500		4000		4000	7.77%
3	53045		4000		4000	7.54%
4	54636		4000		4000	7.32%
5	56274		4000		4000
6	57960		4000		4000
7	59695		4000		4000
8	61480		4000		4000
9	63316	0	4000		4000
10	65204	0	4000		4000
11	67145	0			0
12	69140	0			0