You provide financial advice to a client (2) Show the calculations to convince the client (3) Use...

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You provide financial advice to a client (2) Show the calculations to convince the client (3) Use information provided by the client, make reasonable assumptions for the rest of the inputs (4) Irrespective of client’s goals, also give the client a along-term perspective (such as when to retire, how much money to have at retirement, how much income to save for retirement or rainy day, …) (5) In addition to client’s goals, make other suggestions if they make sense to you.Client 1: Lisa Simpson Lisa, 23, has a BA degree with a specialization in finance Works full time, lives in Tallinn, did not accumulate any savings yet She just started to work as financial analyst with a 2000 EUR per month before taxes in compensation Lisa is not sure but expects her salary to grow at least by 10% per year before MBA Lisa has two financial goals (1) as soon as possible to accumulate EUR XXXXXXXXXXin savings for a rainy day (2) save as much as possible for executive MBA in finance from one of the world top-3 Business Schools before age of 33 Lisa expects to change countries where she lives and does not want to take mortgage because she assumes that transaction costs will be to high. Lisa expects to save 30% of her income. Help Lisa decide what to do with her savings to achieve both goals and do not make major mistakes in the meantime (such as forgetting about retirement savings). How much Lisa should expect to borrow for her MBA?

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Himanshu · Accepted Answer

Sheet1
									Financial Year	Friday, October 01, 2021	Friday, September 30, 2022
									LISA Simpson
									Age	23
									Qualification	BA degree	Finance
									Job	Tallinn	Full time
									Salary	2000	per month
									Growth Rate	10%	Per year
						1			Need to save till Rainy day	10000
									Rainy day	29th July 2022	9	months
									Amount earned by Lisa Till Rainy day			18000
										Lisa need to save	1111.

You provide financial advice to a client (2) Show the calculations to convince the client (3) Use information provided by the client, make reasonable assumptions for the rest of the inputs (4)...

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