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Personal Investment: Graduate School

Personal Investment: Graduate School. Team 2 Joseph Ling Majd Abdoul-Hosn. Scenarios. Scenario 1 Get a job after college Save enough money for graduate school Scenario 2 Take out a loan Attend graduate school right after college. Assumptions for both scenarios. Age : 22

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Personal Investment: Graduate School

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  1. Personal Investment: Graduate School Team 2 Joseph Ling Majd Abdoul-Hosn

  2. Scenarios • Scenario 1 • Get a job after college • Save enough money for graduate school • Scenario 2 • Take out a loan • Attend graduate school right after college

  3. Assumptions for both scenarios • Age : 22 • Major : Mechanical Engineering • School Desired : Cal Poly Pomona • Time to complete : 2 years • Cost for 2 years : $6600 @ $1100/ quarter • Scope : 12 years • Salary after Graduate school : $72,000 / year

  4. Scenario 1: Assumptions • Salary : $60,000 / year • Amount saved / year : $12,000 / year for 2 years

  5. Scenario 2: Assumptions • Loan • Amount : $12,000 year for 2 years • Interest rate : 5.30 %

  6. Resources • Internet Resources : • Cal Poly Pomona Website: Graduate Programs • www.payscale.com • Literary Resources : • Cal Poly Pomona University Catalog 2003 – 2005 • Essential of Engineering : Economic Analysis

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