Name: Dajone Dennis

Date: 4/20

Reality Check:
To live the lifestyle of my desire I need to make at least $16.08 per hour or $643.20 per
week. That's about $33,446.40 per year. However I was not surprised that my reality
check stats were not high. In addition to to that I think that the career that I have chosen
is best fit for me and I can eventually exceed my salary cap and make plus $40,000 a year
by rank experience battle and training patches, bonus pay,etc. The military is the career I
am choosing and I can definitely support my lifestyle with this career. Another benefit is
you don't need a college degree to join the military and you get paid decently depending
on your job and rank and where you are in the world.
Also a paramedic is a career that I could pursue based on the job recommendations of
the lifestyle of my choice. My stepdad is a part time emt and a firefighter and he loves his
job. With a salary of about $17.70 per hour. $35,579 per year.( Average thats not his
salary)

Job Search
Row Army Ranger
Job Footlocker EMT
No. (enlisted) E-2
9$ a hour
15.38 an hour
Income
1 8.08 an hour $1,699.80 a month
Information:
31,980 a year
$21,520.80 a year

2 Process 8.08*40*52 9*40*52 15.38*40*52

Gross annual
3 16,806.4 18,720 31,990.4
income

4 Process 16,806/12 18,720/12 31,990/12

Gross monthly
5 $1,400.00 1,699.80 2,665.87
income

6.2+1.24+15+2=.24 6.2+1.45+15+2= .
6.2+1.45+15+2= .
65
6 Process 2465 2465
1-.2465=.7535
1-.2465=.7535 1-.2465=.7535
After-tax
1400.00*.7535= 1699.80*.7535= 2,665.87*.7535=200
7 monthly
1054.9 1280.79 8.73
income

Savings/ retirement Plan:

Persons age Years a person invests Future Value

75,739.70
18 50
57,751.46

28 40
41,310.91

38 30
 26,284.87

48 20

58 10 12,551.64

Sample TVM Table: (You will need one of these for each Future Value)

N 600
I% .9
PV 0
PMT 100
FV 75739.69
P/Y 12
C/Y 12

N 480
I% .9
PV 0
PMT 100
FV 57,751.46
P/Y 12
C/Y 12

N 360
I% .9
PV 0
PMT 100
FV 41,310.91
P/Y 12
C/Y 12

N 240
I% .9
PV 0
PMT 100
FV 26,284.87
P/Y 12
C/Y 12

N 120
I% .9
PV 0
PMT 100
FV 12,551.64
P/Y 12
C/Y 12

One time investment:

LIC's Jeevan Vriddhi is the most popular single premium plan. The policy can be surrendered
after an year with a payback up to 90% of the single premium. The sum assured in this plan
depends largely on the age of the insured and the premium amount. Loyalty points, incentives on
higher premium and availability of loan at an optimal interest rate are few other benefits of this
single premium plan.

Dream Vacation:
You decide that you are going to plan to take your dream vacation in a couple years.
However, you are on a budget and want to make sure that you can have fun without
going broke. You are going to research and plan your trip, and then calculate how
much you need to save each month to go on your trip in two or three years. The trip
needs to be between a week and a month long. The following are some things that
you are required to find, but it is better if you think of other things to include in your
trip. (More detail = more points)
1. Pick a destination. __________new york__________________, and decide
what part of the year you want to travel._______2020_________.(March, August,
etc)
2. Determine the price to travel to your destination and the method you
will be using. (airfare, drive, cruise, etc)
3. Find a place to stay.
4. Find at least two activities you want to do while there. (surf, ski, tour,
restaurants, etc)
5. Determine the total cost for your planned trip including all food, travel,
and lodging costs.

1. New York 2020

 2. My brother gonna drive me to the airport so thats free and im gonna
get on a plane round trip
3. Im going to Novotel in New York Times Square for 3 days 2 nights for
$567 *hotel price
4. wanna get away round trip for $153 with southwest airlines
5. For fun im going shopping Shopping and spend $1,000 go to
chinatown and eat and buy souvenirs $110
6. Food 200$
7. Ima take the subway and walk mostly
8. Total spend 2,030

Car Purchase:
a)
Features: BLUETOOTH . REMOTE ENGINE START . SATELLITE RADIO . AUXILIARY
INPUT . AIR CONDITIONING . HEATED SEATS . USB INPUT . MP3 CAPABILITY . CD
b) Cost of car: $______Cost of car is 18,00$ & Interest rate is 3.39___________

c) Present car worth ($16000) may be used as a trad

e-in.
d) I will be financing $___2000__________(cost of your new car the
trade in value) at _3.39%___% APR for __ 72 months.___ years
compounded monthly.

e) Monthly car loan payment = $______245.90____

Current Apartment and Future Home Purchase:

1)

Rent cost $700 a month

700 x 12 = 8400 yearly
2 beds 2 bath

2) House Loan

1418 Echo Ridge Rd,Locust Grove, GA 30248

6 beds 5 baths 5,937 sqft

In __15 years___ that cost $___$479,900_____________.

 The down-payment is $___$95,980__________.
In order to have my down payment in time I need to save per month to
achieve this goal in __180____ months $_____662.17_________

When purchasing the home, you would then finance

$__383,020___________ (cost of home minus the down payment) for 30
years at __2.986__% APR compounded monthly.

Monthly payment $___1611.94__________

With this payment, how much will you eventually pay for your house?
$___________________$115,323.28___
(monthly payment x months + down-payment)

Monthly Budget: Based off your findings fill out the monthly budget chart, pick one of
your jobs and base your monthly spending off of that, including, retirement, car, house
you decided

Monthly Budget

MONTHLY BUDGET
SUMMARY
Gross Income $31,990.4
Projected Taxes $657.14
NET $2008.73

Expenses
$700.00 but im
probably gonna have
a roommate so
Rent $350.00
clothes $50.00
food $150.00
utilities $100.00
 cell phone 60
fun
retirement $100.00
car $245.90
house I rent
vacation $5.00
$377.91
I divided the average of 4,055 a
Car insurance year by 12 and got my monthly.

$350.00 is all the money i'd have left with roommate. Without id have $1.00