Your friend Sue has asked you to help her out as she is developing her financial plan. Help her come up with a plan for her finances and how she can set herself up for financial success!
She has an after tax income of $48,000 and budgets $30,000 for necessary expenses. This leaves $18,000 to spend on debt and savings annually. (Assume all annuity payments are in the form of ordinary annuities.)
Part A: Debt
Part B: Savings
Part C: Offering Advice
Please find below table useful to compute desired results: -
using excel will give you end results as follows: -
Your friend Sue has asked you to help her out as she is developing her financial plan. Help her come up with a plan for...
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