1) Why did you make the choices you did? What are the costs and benefits of these choices? 2) What will you need to do to ensure that you carry out this plan to fidelity? 3) What potential pitfalls do you need to avoid? 4) What obstacles, personal and systemic, might you face trying to implement your plan?   PLEASE HELP AND ANSWER THESE QUESTIONS.

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter9: Capital Budgeting Techniques
Section: Chapter Questions
Problem 9PROB
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1) Why did you make the choices you did? What are the costs and benefits of these choices?


2) What will you need to do to ensure that you carry out this plan to fidelity?


3) What potential pitfalls do you need to avoid?


4) What obstacles, personal and systemic, might you face trying to implement your plan?

 

PLEASE HELP AND ANSWER THESE QUESTIONS.

5 Year Plan (Nurse)
Project income-$56,275.74
Saving goals-$11,255.15
Monthly budget-$42,000
Investments- $5,627.57
Insurance-$1,400
Loans and repayment-$250
In this 5-year financial plan, I projected the income with a 3% annual increase, set a savings
goal of 20% of the income, created a monthly budget of $3,500, planned to invest 10% of the
income, calculated the insurance cost as $1,400 per year, and planned to pay off a $25,000
student loan in 5 years with an annual interest rate of 5%. This plan helps to manage finances
effectively and achieve financial goals.
Transcribed Image Text:5 Year Plan (Nurse) Project income-$56,275.74 Saving goals-$11,255.15 Monthly budget-$42,000 Investments- $5,627.57 Insurance-$1,400 Loans and repayment-$250 In this 5-year financial plan, I projected the income with a 3% annual increase, set a savings goal of 20% of the income, created a monthly budget of $3,500, planned to invest 10% of the income, calculated the insurance cost as $1,400 per year, and planned to pay off a $25,000 student loan in 5 years with an annual interest rate of 5%. This plan helps to manage finances effectively and achieve financial goals.
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