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Please help find the highlighted PV (present value) Human Life Value Approach Before Tax Income: $ 102,000.00 Taxes: $ 25,500.00 After Tax Income: $ 76,500.00
Please help find the highlighted PV (present value)
| Human Life Value Approach | |
| Before Tax Income: | $ 102,000.00 |
| Taxes: | $ 25,500.00 |
| After Tax Income: | $ 76,500.00 |
| Personal Consumption: | $ 15,300.00 |
| Family Contribution: | $ 61,200.00 |
| FV of FSE: | $0 |
| PV of FSE: |
| Step 1: Calculate the Family's Share of Earnings (FSE) | |
| Annual Earnings | $ 25,500.00 |
| Personal Consumption | $ 15,300.00 |
| FSE | $ 61,200.00 |
| Step 2: Calculate Work-Life Expectancy (WLE) | |
| WLE (retirement age- current age) | 31 |
| Step 3: Determine Human Life Value (HLV) | |
| Future Value (FV) | 0 |
| Annual PMT | $ 61,200.00 |
| Interest Rate (i) | 2.912621359 |
| 0.029126214 | |
| Term of Years (n) | 31 |
| Human Life Value (PV) |
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Calculus For Business, Economics And The Social And Life Sciences
Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price
11th Brief Edition
978-0073532387, 007353238X
