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Maddie, Anwar and Tom all went to the same country high school, but now they live in the city and share a house. The rent for the house is $150 per person each week which includes electricity. Maddie is a student and works waiting tables at a local Italian restaurant a few nights each week and takes home about $360. Her parents pay her rent for her to help out. Anwar is an apprentice electrician. His take-home pay is $735 each week. He pays…

Part 1: Superannuation guarantee contributionSet up a spreadsheet to complete the missing information table 1. Assume that the superannuation guarantee is 10%.Table 1: Superannuation guaranteeAnnual salarySuper guarantee contribution$34,800$56,900$157,540$221,754$22,175.40$6,110$12,210$8,645$10,200$9,450Add a column to your spreadsheet to calculate the super guarantee contributions at an increased rate of 12.5%.Draw a conclusion on the…

You are going to use a number of online resources to choose and compare the quality of educational institutions that best meet the needs of different individuals.Record your responses on the Choosing what and where to study – Worksheet.Step 1Go to Course Seeker and type an appropriate course into the search bar.Use the filters on the left-hand margin to narrow your search.Identify up to 4 tertiary institutions that meet the needs of each…

‘Compound interest is the eighth wonder of the world. He who understands it, earns it... he who doesn't ... pays it.’ – Albert EinsteinCompound interest is calculated on the principal amount that you borrowed or invested and on the accumulated interest of previous periods – It is regarded as ‘interest on interest’.Compound interest is a way to grow your savings (or debt) faster. Figure 1 shows the difference compound interest can make on a $10,…

Refer to Choosing what and where to study – Instructions. Jane - Jane is in Year 12 and would like to become an accountant. She lives in Sydney (postcode 2016) and does not want to travel further than 50 km to study. Her ATAR is predicted to be between 60-70 Institution details Option 1 Option 2 Option 3 Option 4 1. Institution Name 2. Level of…

  Part 1: Calculating simple and compound interest Set up a spreadsheet to complete the missing information in table 1. Information for setting up spreadsheet using the simple and compound interest formulae Principal ($) Interest rate/rate of return (%) Time (years) Simple interest Balance with simple interest Compound interest…

Refer to the financial support options available to help eligible students pay for their higher education on the Study Assist website and VET Student Loans on the Department of Employment and Workplace Relations website.The HELP schemeRefer to the Study Assist website to find a definition for each of the following:Commonwealth supported placeHECS-HELPFEE-HELPOS-HELPSA-HELPCreate an infographic or visual representation to show the relationship…

For these tasks you will set up a spreadsheet to investigate the difference making small payments more often makes to your super balance. Select one of the tasks. Task 1 You have been working for 10 years and your super balance has been growing, but you’ve decided to take a year off and travel overseas. You won’t be making any super contributions during that time. However, your super will still be growing because of the investments made by…