Perfect Solution: Financial Planning Assignment
Financial Planning Assignment 1
- Calculate what the $3,000-per-year deficit, had it been invested, would have amounted to at the end of the 15-year period.
- Explain to Richard what compounding is and how it affected the cumulative amount received in question 1.
- Calculate the return on the proposed $20,000 investment and indicate the factors entering into your recommendation to accept or reject it.
- Indicate the expected return on the annuity and whether it should be accepted or rejected.
- Construct an explanation of the time value of money for the financial plan using your answers to questions 1 through 4 in this part of the financial plan to help you communicate the time value information to Richard and Monica.
Financial Planning Assignment 2
NONFINANCIAL ASSETS- CAPITAL EXPENDITURES
- Do we know yet whether Monica’s fears about retirement are justified? Do you have any preliminary opinion about this?
- Do you think she should consider a new boiler now?
- Complete the boiler problem and give your response.
- Calculate the projected return on the house for the next year and give your full recommendation.
- Finish the non financial investments section of the plan.