By Craig Brown, Troy Hamilton, Ben Logsdon, and Daniel Husen

Entry level engineer looks for job opportunity

Los Angeles vs New York options Which option yields best future value

after 10 years of work? Benefits vs Expense factors

$65,000 starting salary Annual raise of 3% Assumed inflation: 3% MARR of 7%

Monthly apartment rental: $750/month Groceries: $4800 Transportation: $2400 Annual health costs: $3600 Utilities: $3000 Miscellaneous: $4800 Total expenses:$27,600

$69,797 starting salary Annual raise of 3% MARR of 7% Assumed inflation of 3%

Apartment rental: $11,400 Utilities: $4,800 Groceries: $3,600 Health: $3,120 Transportation: $1,560 Miscellaneous: $4,800 Total expenses: $29,280

Net Future Worth for LA: $277,112.67 Net Future Worth for NY: $296,344.92 (for disposable incomes)NY option has $19,232.25 greater NFW.

NY had greater starting salary Less transportation expenses than LA Cheaper grocery expenses Lower overall expenses despite higher

income tax.

Based on our assumptions, the east coast option yields the greater profit in 10 years

If the west coast showed slightly more favorable conditions then it could yield as good or better results.