being able to cover daughters college expense awareness of possible medical

Being able to cover daughters college expense

This preview shows page 3 - 5 out of 5 pages.

being able to cover daughter’s college expense awareness of possible medical expenses due to his current health and family history Relationships/Constraints - None
Question 4 – Draw and influence chart for the problem: Question 5 – In what ways could we simplify the problem? Assume no tragic events i.e. house fire, death, sudden illness Assume Bob has job security Do not account for inflation Bob remains debt free by paying his premiums Assuring Margaret would acquire her parents estate Question 6 – What modules will we need to build? Total savings accumulated through current saving plan vs total savings accumulated through an increase in contribution amount
Question 7 – What are the key relationships in the problem? Interest earned is a function of contribution amount and time Savings accumulated is a function of time Tax payable is a function of contribution amount Question 8 – What are the parameters of the problem? Retirement Age Life Expectancy Tax Rate Interest Rate

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture