Wages for Computer systems developers and programmers - Job Bank

Profession: systems programmer (NOC 21230)
Median Wage: 46.67$/hr (Toronto Region)

Monthly gross income: 7467.2$

\begin{align} & 46.67 \times 8 \times 5 \times 4 = 7467.2$ \end{align} $$[Wages for Computer systems developers and programmers - Job Bank](https://www.jobbank.gc.ca/wagereport/occupation/22533) Profession: **systems programmer** (NOC 21230) Median Wage: 46.67\$/hr (Toronto Region) Monthly gross income: 7467.2\$

\begin{align}
& 46.67 \times 8 \times 5 \times 4 = 7467.2$
\end{align}

#### B maximum monthly payment = Gross Income / 3

\begin{align}
& PMT = \frac{7467.2}{3} = $2489
\end{align}

\begin{align}
& PV = \frac{PMT[1-(1-i)^{-n}]}{i} \ \
& PV = \frac{2489[1-(1+0.00416666667)^{-480}]}{0.00416666667} \
& PV = $516179.4
\end{align}

B3: house: [For sale: 376 CECILE BOULEVARD, Hawkesbury, Ontario K6A3L5 - X12201529 \| REALTOR.ca](https://www.realtor.ca/real-estate/28427874/376-cecile-boulevard-hawkesbury-612-hawkesbury) price \$324,900 ### C1

\begin{align}
& 480 \times 2489 = $1,194,720
\end{align}

\begin{align}
& I = 480 \times 2489 - PV \
& I = 1194720 - 516179.4 \
& I = 678540.6
\end{align}

\begin{align}
& FV = PV(1+r)^n \
& FV = 516179.4(1+0.07)^{30} \
& FV = $3,929,289.24
\end{align}

C4: It depends. As a pure investment? No. Statistically you can get better returns betting on the S&P500 (9%). However, real estate isn't always just a financial investment. If you're buying a property to live in, it also serves as a home, something that provides stability and potential long-term value beyond just numbers. So, purely from an investment perspective, real estate may not be the best option. But when you consider the broader picture, especially if you're planning to live in the property, it can still be a smart and meaningful choice. D1

\begin{align}
& 5% \times 7467.2 = $373.36
\end{align}

\begin{align}
& FV = \frac{PMT((1+i)^n-1}{i} \ \ & FV = \frac{373.36(1+0.00333333333)^{480}-1}{0.00333333333} \
& FV = 553,005
\end{align}

\begin{align}
& PMT = \frac{(PV)i}{1-(1+i)^{-n}} \
& PMT = \frac{(553005)0.0025}{1-(1+0.0025)^{-240}} \
& PMT = 3063.25
\end{align}

... they can widthdraw 3063.25\$ monthly # D4 Yes, I think that an investment in a personal pension plan is worth it. Often when you contribute to a pension fund, your employer will match what you give in up to a certain amount. You can also pay your taxes when you put the money into the account using something like an RRSP so that way you don't need to pay taxes on the 100s of thousands when you finally decide to retire.