Use a salary of 65,000 dollars per year with a 3.367% increase every year for 35 years. Assume a mortgage of 650,000 paid over 25 years. Assume a car payment of 50,000 dollars paid over 15 years. Assume a yearly spending of 60,000 per year in retirement. Make any other nessesary assumptions or change assumptions given if needed.

Estimate your expenses over time. Be sure to consider taxes on your salary (assume a constant 35% tax rate) and property tax (assume the "mill rate" to be 0.0106 meaning that the property tax would equal 0.0106 times the value of your home) Show your calculations for paying off major expenses like a mortgage or cars. Show the accumulation of savings for retirement. This must be consistent with your expenses, salary, etc. Use 6% as an annual, long term rate of return (interest rate) for the money you save. Show either the use of money during retirement (how much each year) or the average annual amount and number of years you will be able to spend that amount 2. 3. 4. 5