Assignment:
Calculate the present value of potential lifetime earnings for your career. Parameters that need to be addressed to tailor your present value calculation include:
• Start age (enter UofA) (t=0).
• Projected retirement age (R).
• A discount/interest rate (r).
• All direct schooling costs (H).
• Job description (occupation, industry, etc.).
• Annual earnings (must be properly cited).
• Earnings changes over time (OTJ, etc.).
• Any work relocation (at least one move).
Put the numbers of your calculation on 1 page. Then, explain the logic behind your parameters and any assumptions being made in an essay (typed paragraphs, 1 page). Your 2-page answer will be graded on its substance, completeness, and originality.