Create an account
Which type of computation would a person use to determine current value of a desired amount for the future?
present value of a single amount
The stages that an individual goes through based on age, financial needs, and family situation is called the
adult life cycle.
As Jean Tyler plans to set aside funds for her young children's college education, she is setting a(n) ____________ goal.
An example of a personal opportunity cost would be
time comparing several brands of personal computers.
When prices are increasing at a rate of 6 percent, the cost of products would double in about 12 years.
A question associated with the saving component of financial planning is:
Do you have an adequate emergency fund?
Reduced funds available for investment in our economy could result from
higher imports than exports.
If you put $1,000 in a saving account and make no further deposits, what type of calculation would provide you with the value of the account in 20 years?
future value of a single amount
Using the services of financial institutions will be most evident in your effort to
implement the financial plan.
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