Personal Finance

Essay by PaperNerd ContributorUniversity, Master's January 2002

download word file, 2 pages 0.0

My educational goal is to complete university and become a computer engineer. My postsecondary education will cost a total of approximately $6,759.18. This will be a co-op education. The cost can be divided into three sections: Basic Tuition, Co-op fee, and incidental fee. The incidental fee includes student health insurance, student society fees, student endowment fund fees, and campus recreation fees. These are based on an 8-month school-year. The engineering textbook costs $608.15, the Mathematics & Computer Science textbook is $477.07, and the Science textbook is $537.00. These prices are in Canadian currency and do not include taxes.

Yes, I would require a loan. I would take about $15,000 to cover needs such as food and products to help with my study, such as a computer. With the CIBC plan, I need only pay back with interest on the money I actually spend. For a one year loan of $15,000, a monthly payment would total to $1,250.

I would like to become a computer engineer. The starting salary for this job is a base of $57,000. This requires 0-3 years of experience, a Bachelor's Degree in Engineering, knowledge of commonly-used concepts, practices, and procedures within a particular field. Through years of experience (8), the salary may rise up to $107,933.

would purchase a desk set for a suitable and relaxed work area. I would shop for this at Business Depot since their prices on desks and furniture are relatively inexpensive. Two food items I would purchase would be pizza from Pizza Pizza, and a sub from Subway. My entertainment would be to go to a movie theatre, they usually help me relax, and they only take up a few hours of time. Another purchase I would make would be for software such as 3D Studio Max or Photoshop. These...