Math 123 quantitative reasoning financial excel project | math 123

As an Ivy Tech student, you are making an investment in your education. This project will look at how that investment will pay off if you graduate and get a job in your desired field. You will be comparing your future finances with someone who is not a college graduate.  You will be creating this project entirely in EXCEL. 

Income Comparison: Research your expected income after you graduate. Assume you obtain whatever level of education needed to enter your desired area of employment. We recommend using the annual Median salary found at: http://www.bls.gov/oes/current/oes_in.htm#27-0000 *You will need to click on your desired career in order to see the Annual Median wage. If using a different source, you must cite it.

State what your desired area of employment is and what the median annual salary for that position is.  Why did you choose this career?  How much schooling is needed for this job?

Make at least one statement comparing your expected salary with that of the median income of an unskilled worker. Please use absolute and relative change statements as they are an excellent way to compare values.  Assume that the median annual income for an unskilled worker is $15,500, use this value in comparison statements.

Housing Comparison: Assume that you and your unskilled worker counterpart plan to spend 1/4th (25%) of your gross monthly income on house payments. Research the current fixed rate APR for mortgages and choose one that might fit your needs.  Most people will use a 30 year mortgage, however, you may use a 15 year mortgage if you wish. Then use Excel to determine the largest value of a mortgage that each of you can afford to borrow under those conditions.

Your answer should contain at least one statement comparing the value of the house that an unskilled worker can afford and that you expect to be able to afford. (Remember to use absolute and relative change here).

Explain what Excel function was used for these calculations. Cite what source you used to find mortgage rates.

Research housing costs in an area where you would like to live. Will your future salary allow you to afford the house you want, or should you consider other housing options? How much more or less must you spend to get the house you want? Cite what source you used to find housing costs.

Retirement Comparison: 401k investments are expected to earn a 4.5% annual return. Assume that 6% of your gross monthly income is to be set aside for 401k investment. Use Excel to determine the balance on such a 401k after 40 years of investment for the unskilled worker and for your expected income. 

Your answer should contain at least one statement comparing the value of the 401k investment of the unskilled worker and for your expected salary.

Explain what Excel function was used for these calculations. 

Also use Excel to determine how many years it would take for the unskilled worker and for your expected investment to reach $500,000. Your answer should contain at least one statement comparing the time it would take for the 401k investment of the unskilled worker and for your expected salary to reach $500,000. 

Project Checklist:

Project must contain some absolute and relative change statements

Explanation of career choice and the salary for this career.

Comparison of your expected salary vs. an unskilled worker.

Comparison of house you could afford with expected salary vs. unskilled worker.

Explanation of how house value was determined.

Reflection on the housing costs and researched house values.

Explanation of how the 401k value is determined.

Comparison of length of time it would take to achieve $500,000 in retirement funds.

Explanation of how the time to reach $500,000 is determined.

An organized spreadsheet with clearly labeled values.

Completed project should be submitted via Ivy Learn on time.

In addition to addressing the statements above, your project should:

Contain your name, course name and project name.

Be well organized and easy to follow.

Be clear to by someone who is not familiar with the project. 

Provide support for your statements e.g. explain how values were found.

Give specific values (i. e. quantify statements).

Use appropriate representations (tables, color, formatting) that helps the reader understand the project.

Order a unique copy of this paper
(550 words)

Approximate price: $22

Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

We value our customers and so we ensure that what we do is 100% original..
With us you are guaranteed of quality work done by our qualified experts.Your information and everything that you do with us is kept completely confidential.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

The Product ordered is guaranteed to be original. Orders are checked by the most advanced anti-plagiarism software in the market to assure that the Product is 100% original. The Company has a zero tolerance policy for plagiarism.

Read more

Free-revision policy

The Free Revision policy is a courtesy service that the Company provides to help ensure Customer’s total satisfaction with the completed Order. To receive free revision the Company requires that the Customer provide the request within fourteen (14) days from the first completion date and within a period of thirty (30) days for dissertations.

Read more

Privacy policy

The Company is committed to protect the privacy of the Customer and it will never resell or share any of Customer’s personal information, including credit card data, with any third party. All the online transactions are processed through the secure and reliable online payment systems.

Read more

Fair-cooperation guarantee

By placing an order with us, you agree to the service we provide. We will endear to do all that it takes to deliver a comprehensive paper as per your requirements. We also count on your cooperation to ensure that we deliver on this mandate.

Read more

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency