Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Chapter 2 Matching 1. Amoral a. list of expenses 2. Interest Rate b. 80% Behavior, 20% head Knowledge 3. PAC's c. annual income of Americans

image text in transcribed
Chapter 2 Matching 1. Amoral a. list of expenses 2. Interest Rate b. 80% Behavior, 20% head Knowledge 3. PAC's c. annual income of Americans 4. Money Market d. Level of Importance( Saving) 5. Compound Interest e. Save up, pay Cash 6. 5 Foundations f. % paid to a lender for borrowed money 7. Murphy's Law g. use to get bargains 8. Emergency Fund_ h. saving money for a purpose 9. Priority i. consumers living paycheck to paycheck 10. Sinking Fund j. money is not good or bad 11. Fully Funded Emergency Fund k. Interest upon Interest 12. Purchases 1. loaned money 18.99 % interest 13. $200 m. pre- authorized checking 14. Negative Savings Rate_ n. $200,$500, $1000 for emergencies 15. 70% o. Student emergency fund amount 16. $46,326 p. mutual fund that earns interest 17. Cash 9. United States 18. Credit Cards_ r. 3 to 6 months expenses 19. Budget s. Framework for Financial Success 20. 80/20 Rule t. anything that can happen will happen Bonus - 5 Points How long does it take on average to become a millionaire? 17 years

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting For Non-Accountants

Authors: David Horner

12th Edition

1789664306, 9781789664300

More Books

Students also viewed these Accounting questions

Question

5. Describe the main retirement benefits.pg 87

Answered: 1 week ago

Question

5. Explain how ERISA protects employees pension rights.pg 87

Answered: 1 week ago