Question
1.What are some of the main components of personal financial planning? 2.What factors influence the level of interest rates? 3.Use time value of money tables
1.What are some of the main components of personal financial planning?
2.What factors influence the level of interest rates?
3.Use time value of money tables to calculate the following:a.The future value of $100 at 5percent in 8yearsb.The future value of $100 a year for 8 years earning 8percentc.The present value of $1500 received in 10years with an interest rate of 4percent.
4.In early 2018, selected automobiles had an average cost of $20,000. The average cost of those same motor vehicles is now $24,000. What was the rate of increase for this item between the two time periods?
5.How are Budgets defined according to Todds lecture?6.Define the four classes of assets.
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