Before you begin, review the Project Case Study provided in the Supporting Materials section. Then, using your financial calculator, calculate and address each of the following in a minimum of 3–6 sentences using the template provided. Include an appendix to show your detailed calculations and cite them appropriately. For example, “Funding needed is 3.340 USD (see Appendix A).”
Using the annuity method, perform the time value of money calculations to determine the client’s retirement funding needs. Address the following in your response and include any assumptions used in making your recommendations:
The client’s total retirement funding need at retirement age
The annual savings required to meet the retirement goal
Using the uneven cash-flow method for multiple children, perform the time value of money calculations to determine the client’s educational funding needs. Address the following in your response and include any assumptions used in making your recommendations:
Net present value (NPV) of the total funding need
The annual savings required to meet the education goal
Propose budget recommendations that fit with the client’s financial data that address the opportunities identified. Address the following in your response and include any assumptions used in making your recommendations:
Financing strategies
Debt management
Cash-flow management
Income
Expenses
What to Submit
Submit your milestone using the Milestone Two Template, addressing each element in a minimum of 3–6 sentences. Sources should be cited according to APA style.
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