for math guruu
PROFESSOR CALLEN
MAT125MilestoneTwoTemplate11.docxMilestone Two: Financial Plan and Budget
[Anfernee Coale]
Congratulations on graduating with your bachelor’s degree from Southern New Hampshire University! A new array of opportunities is open to you, but which will you choose, and how will it impact your life? Select your discipline area of interest and examine the set of jobs you have applied to and received offer letters for to determine which one best fits your needs and wants.
Employment Opportunity Selection
Select an employment opportunity. Although it is not required at this point, you will defend your selection using your calculations and personal criteria in the final project.
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State your employment opportunity selection. I have selected the teaching job online since it would have the least impact on my day to day life. I will have a salary of $60,000 divided by 12 month is $5,000 a month. |
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Living Expenses and Debt
Using your selected employment opportunity, analyze your monthly expenses and income, and prepare a plan for paying down your debt. You can use your actual amounts of expenses and debt if you prefer, or, if you are uncomfortable using real numbers, or if you do not have any debt, you can make up a principal amount, interest rate, payoff period, and minimum payment to cover at least one student loan, one credit card, and one personal or auto loan. You can utilize as many loans as you like, but you must have at least three.
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Budget Creation : Create a monthly budget using your new income, real-life expense categories, and the expenses associated with travel based on your selected employment opportunity. Rent 2000 Phone 50 School loan $25,720 with 6.8% interest with a 10-year payback. |
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