Engineer Economics Personal Financing

In this assignment, you will build a personal finance model using ProjectionLab.com to simulate your future financial life. This exercise will help you understand the real-life financial decisions you will encounter throughout your career, as well as how to plan for major life events and personal goals. A key outcome is identifying when you will achieve Financial Independence (FI)the point at which your savings and investments reach 25 times your annual living expenses (a common financial independence rule). You will also use a Monte Carlo Simulation to test the robustness of your financial plan.