Future capital expenditures can be projected on the basis of

A)

financial history.

B)

recurring incomes.

C)

the time value of money.

D)

a. and b.

E)

a., b., and c.

Your time horizon for financial planning is

A)

lifelong.

B)

the time it takes to set goals.

C)

the time it takes to realize goals.

D)

approximately 65 years.

E)

the five-year plan.

To estimate required savings, you need to estimate

A)

the return on your savings in retirement.

B)

how long you will be retired before you die.

C)

what your expenses will be in retirement.

D)

a. and b.

E)

a., b., and c.

Retirement planning involves

A)

defining your goals.

B)

saving for the time when you will not have income from employment.

C)

estimating how much savings you will need to retire when you want.

D)

a. and b.

E)

a., b., and c.

Future incomes and expenses can be projected for quantity and price on the basis of

A)

probability.

B)

volatility.

C)

predictability.

D)

a. and b.

E)

a., b., and c.