Susan Sarandon, who graduated from the UTSC BBA program, a year ago, lives with her parents, who do not charge her for rent or food.

Susan Sarandon, who graduated from the UTSC BBA program, a year ago, lives with her parents, who do not charge her for rent or food. She works at TEVA pharmaceutical, and her take home pay is \$4000 per month after taxes and other deductions. She expects her take home pay to rise at 4% per year for the next several years. She has to start paying off her student loan of \$40,000. The interest rate on the loan is 4.8% per year compounded monthly and amortization period is 6 years. She would like to purchase a car and the entire \$25,000 purchase price of the car will be financed at 6% per year compounded monthly amortized over 4 years. She has \$600 per month of expenses which her parents do not pay, like transportation, clothes, entertainment. This cost will rise at 3% per year. Two years from now, she will travel to Denmark to attend her sister’s wedding. This trip will cost her \$10,000 in travel, clothes and gifts. Four years from now, she will go on African safari at a cost of \$15,000. She will invest her savings in interest earning securities earning before tax rate of return of 0.4% per month. Her marginal tax rate is 40%.
a.How much will Susan have saved at the end of 4 years?
b.What does the answer to part (a) tell you that she should be doing with her financial management
to be most efficient with her money, while not sacrificing any consumption?
I need a complete solution for this question please.

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:
Number of pages
Urgency
Basic features
• Free title page and bibliography
• Unlimited revisions
• Plagiarism-free guarantee
• Money-back guarantee
On-demand options
• Writer’s samples
• Part-by-part delivery
• Overnight delivery
• Copies of used sources
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

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

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.

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.