Icon

Challenge 10 - Retiring Early

Challenge 10 - Retiring Early
Challenge 10: Retiring Early Description: Your coworker turns to you and says that she is going to retire. You laugh because she is 30 years old. She is serious. To understand how she got to this decision,you will create a KNIME component named “Financial Tracker_YOURNAME” (replace YOURNAME with your name). The component should use widgets to get the following input: * A person's monthly expenditure amount * Their target age to retireThe output of the component should be how much money they need to have in order to retire at the target age. For simplicity, use this formula in your component: amount_to_retire = (100 - target_age) * monthly_expenditure_amount * 12Use your component to figure out if 2,000,000 dollars is enough for your coworker to retire, given that she spends 4,000 dollars per month. To keep this challenge simple, do notconsider inflation, compounding interest, or part-time work in retirement. FinancialTracker_EAMENDOLA Challenge 10: Retiring Early Description: Your coworker turns to you and says that she is going to retire. You laugh because she is 30 years old. She is serious. To understand how she got to this decision,you will create a KNIME component named “Financial Tracker_YOURNAME” (replace YOURNAME with your name). The component should use widgets to get the following input: * A person's monthly expenditure amount * Their target age to retireThe output of the component should be how much money they need to have in order to retire at the target age. For simplicity, use this formula in your component: amount_to_retire = (100 - target_age) * monthly_expenditure_amount * 12Use your component to figure out if 2,000,000 dollars is enough for your coworker to retire, given that she spends 4,000 dollars per month. To keep this challenge simple, do notconsider inflation, compounding interest, or part-time work in retirement. FinancialTracker_EAMENDOLA

Nodes

Extensions

Links

Download

To use this workflow in KNIME, download it from the below URL and open it in KNIME:

Download Workflow
Created by: USER
Created at: 2022-04-02
On NodePit since: 2022-04-03
Last update: 2024-12-17
Created with KNIME version: v4.5.0
Tags: #justknimeit#justknimeit-10

Deploy, schedule, execute, and monitor your KNIME workflows locally, in the cloud or on-premises – with our brand new NodePit Runner.

Try NodePit Runner!