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23-08-2018

Product code: Essay-AW403

 

The goals of the writing component of this class are:

  • To help students think critically about the course material by writing about it.
  • To give students a chance to exercise their editing skills.
  • To help students learn the conventions of writing in their own field of study.

 

 

To meet this requirement you demonstrate your ability to communicate an understanding of course topics. These essays are intended to be formal essays so please do not use conversational English.

 

 

To receive full credit, the essay must satisfy the following criteria:

  1. It must be typewritten and submitted on the designated date in Microsoft Word format.
  2. It must be no less than 2 double spaced, 8 ½ x 11 inch pages with margins of 1 inch left and right, bottom and top.  The font should be size 12.  (Hint:  submitting more than 2 pages never hurts)
  3. It must demonstrate a coherent understanding of the subject and written in a formal business report style format.
  4. You must use at least 2 other information sources along with your textbook, make proper citation within the essay and include a Works Cited page. You may use either citation format, MLA or APA.  Just give proper credit for others work.  Do not use extensive quotes or charts! 
  5. The essay must include these main components:
    1. A cover page with your name, class and section, and essay title. Do not put title page information on the first page of your essay.
    2. An introductory thesis paragraph wherein you introduce or define your topic, what you are going to say about it and why its important.
    3. The body of the paper wherein you explain the topic using your own words and insights.   Anyone can memorize or repeat the definition in the textbook.  Your challenge is to explain the concept to someone who has never had a course in personal finance and wants to know about your subject.  (Fair warning: Plagiarism detection software is used when submitted)
    4. An example that illustrates the use or application of the concept/subject in understanding the world in which you live.  The idea here is to explain how the subject helps you to understand or apply your understanding of the subject to your personal financial situation now or in the future.
    5. A concluding or summary paragraph wherein you summarize the points you made in the body of the paper and restate the importance of your topic to personal finance.
    6. A Works Cited Page with a minimum of 3 sources including your text.
  6. Your work must demonstrate your ability to communicate ideas clearly, logically and concisely.  Do not pad your essay with irrelevant or extraneous information.  Do not fill space with lengthy quotes or large charts/graphs.
  7. Your essay must be grammatically correct, free of punctuation and spelling errors.

 

 

Student’s Personal Retirement Plan

 

 

  1. Estimate your annual Retirement Expense Projection using today’s dollars, start with current expenses. (See worksheet)
  2. Take this amount and divide by .80 to get your pre-tax amount (using a 20% effective tax rate)
  3. Determine what age you want to retire.
  4. The current average Social Security benefit is $14,760/ yr.   Subtract this amount from your retirement expense projection.
  5. If you have a pension, multiply by .80and also subtract this amount from your retirement expense projection. 
  6. Use TVM (Time value of Money) to inflate your net projected retirement expenses from 2013 to your retirement age at 3%.
  7. Determine life expectancy from Social Security tables.Then add 10 years to your life expectancy.
  8. Use TVM to calculate the amount needed at retirement to last for the remainder of your life expectancy using a rate of return of 6%.
  9. If you have any current retirement savings, use TVM to grow your savings by 8% per year until your retirement age.
  10. Subtract your answer to #7 from #6. This is the additional amount you need to save.
  11. Using TVM, calculate the annual amount needed to reach your retirement goal if you started saving today and could earn 8%.  Divide this number by 12 to make it a monthly figure.
  12. Using TVM, calculate the annual amount needed to reach your retirement goal if you started saving today and could earn 6%.  Divide this number by 12 to make it a monthly figure.
  13. Using TVM, calculate the annual amount needed to reach your retirement goal if you started saving in 5 years and could earn 8%. Divide this number by 12 to make it a monthly figure. 
  14. Using TVM, calculate the annual amount needed to reach your retirement goal if you started saving in 5 years and could earn 6 %. Divide this number by 12 to make it a monthly figure. 
  15. Using TVM, calculate the annual amount needed to reach your retirement goal if you started saving in 10 years and could earn 8%. Divide this number by 12 to make it a monthly figure. 
  16. Using TVM, calculate the annual amount needed to reach your retirement goal if you started saving in 10 years and could earn 6%. Divide this number by 12 to make it a monthly figure.
  17. Using TVM, calculate the annual amount needed to reach your retirement goal if you started saving in 15 years and could earn 8%. Divide this number by 12 to make it a monthly figure. 
  18. Using TVM, calculate the annual amount needed to reach your retirement goal if you started saving in 15 years and could earn 6%. Divide this number by 12 to make it a monthly figure.

 

Download Questions

This assignment is written to give an overview of the things that I learned in this topic and that I am applying in future using various financial planning tools. This paper will explain that how this course helps in doing the detailed analysis of the achievement and fulfilment of all the goals using various financial analysis tools. It is important since it will help one’s to plan for its future and retirement in more professional and scientific way.

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