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Question Assume that today is May 4, 2020. Natasha Kingery is 30 years old and has a Bachelor of Science degree in computer science. She

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Question Assume that today is May 4, 2020. Natasha Kingery is 30 years old and has a Bachelor of Science degree in computer science. She is currently employed as a Tier 2 field service representative for a telephone corporation located in Seattle, Washington, and earns $35,000 a year that she anticipates will grow at 4% per year. Natasha hopes to retire at age 65 and has just begun to think about the future. Natasha has $80,000 that she recently inherited from her aunt. She invested this money in 10-year Treasury bonds. She is considering whether she should further her education and would use her inheritance to pay for it. She has investigated a couple of options and is asking for your help as a financial planning intern to determine the financial consequences associated with each option. Natasha has already been accepted to two programs and could start either one soon. One alternative that Natasha is considering is attaining a certification in network design. This certification would automatically promote her to a Tier 3 field service representative in her company. The base salary for a Tier 3 representative is $8,000 more than the salary of a Tier 2 representative, and she anticipates that this salary differential will grow at a rate of 4% a year for as long as she remains employed. The certification program requires the completion of 20 Web-based courses and a score of 80% or better on the final exam. She has learned that the average amount of time necessary to finish the program is one year. The total cost of the program is $10,000, due when she enrolls in the program. Because she will do the work for the certification on her own time, Natasha does not expect to lose any income during the certification process. Another option is going back to school for an MBA degree. With an MBA degree, Natasha expects to be promoted to a managerial position in her current firm. The managerial position pays $20,000 a year more than her current position. She expects that this salary differential will also grow at a rate of 4% per year for as long as she keeps working. The evening program, which will take three years to complete, costs $35,000 per year, due at the beginning of each of her three years in school. Because she will attend classes in the evening, Natasha doesn't expect to lose any income while she is earning her MBA if she chooses to undertake it. 2. Create timeline in Excel for Natasha's current situation, as well as the certification program and MBA degree options, using the following assumptions: Salaries for the year are paid only once, at the end of the year. The salary increase becomes effective immediately upon graduating from the MBA program or being certified. That is, because the increases become effective immediately but salaries are paid at the end of the year, the first salary increase will be paid exactly one year after graduation or certification. (3 points) Question Assume that today is May 4, 2020. Natasha Kingery is 30 years old and has a Bachelor of Science degree in computer science. She is currently employed as a Tier 2 field service representative for a telephone corporation located in Seattle, Washington, and earns $35,000 a year that she anticipates will grow at 4% per year. Natasha hopes to retire at age 65 and has just begun to think about the future. Natasha has $80,000 that she recently inherited from her aunt. She invested this money in 10-year Treasury bonds. She is considering whether she should further her education and would use her inheritance to pay for it. She has investigated a couple of options and is asking for your help as a financial planning intern to determine the financial consequences associated with each option. Natasha has already been accepted to two programs and could start either one soon. One alternative that Natasha is considering is attaining a certification in network design. This certification would automatically promote her to a Tier 3 field service representative in her company. The base salary for a Tier 3 representative is $8,000 more than the salary of a Tier 2 representative, and she anticipates that this salary differential will grow at a rate of 4% a year for as long as she remains employed. The certification program requires the completion of 20 Web-based courses and a score of 80% or better on the final exam. She has learned that the average amount of time necessary to finish the program is one year. The total cost of the program is $10,000, due when she enrolls in the program. Because she will do the work for the certification on her own time, Natasha does not expect to lose any income during the certification process. Another option is going back to school for an MBA degree. With an MBA degree, Natasha expects to be promoted to a managerial position in her current firm. The managerial position pays $20,000 a year more than her current position. She expects that this salary differential will also grow at a rate of 4% per year for as long as she keeps working. The evening program, which will take three years to complete, costs $35,000 per year, due at the beginning of each of her three years in school. Because she will attend classes in the evening, Natasha doesn't expect to lose any income while she is earning her MBA if she chooses to undertake it. 2. Create timeline in Excel for Natasha's current situation, as well as the certification program and MBA degree options, using the following assumptions: Salaries for the year are paid only once, at the end of the year. The salary increase becomes effective immediately upon graduating from the MBA program or being certified. That is, because the increases become effective immediately but salaries are paid at the end of the year, the first salary increase will be paid exactly one year after graduation or certification. (3 points)

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