Assuming Jack earns an average wage increase of 5 percent for the next five years. What will be his wage in five years time?
USE THE FOLLOWING GIVEN INFORMATION TO COMPLETE THE ACCOMPANYING FINANCIAL PLAN FOR THE…
Use the following given information to complete the accompanying financial
plan for the theoretical couple Jack and Jill Uphill.
Jack is a graduate of the Fresno City College Nursing program. He is an ER nurse in Fresno and earns a salary
of $54,000. Jill is still attending
nursing school at Fresno State. She will
be a senior next year. She aspires to be
a Nurse Practitioner, (NP). She is
completing her Bachelors degree and then will enter graduate school to become
an NP. Jill is working as a student
nurse trainee on weekends, holidays and summers. Her earnings were $18,000 last year. She expects to make the same this year.
Jill needs one more year to complete her Bachelors degree, graduation date
fall 2014. The 2013/2014 CSU Fresno fee
schedule estimates fees of $3,143.50 per semester for students taking seven
plus units, full time, California resident, undergrad students. An annual parking permit costs $186. The cost for Graduate school is $3,776.50 per
semester for a student taking seven plus units.
Full time for a grad student is usually nine units. All fees are subject to change.
Assuming Jack earns an
average wage increase of 5 percent for the next five years. What will be his wage in five years
time?