Hi! i need help on my school assignment which graded me very high % ! this is one part of my assignment: Here is the background story given , not sure if it will be used in any of the qns

Question 1 (WEALTH GROUNDING - FOUNDATIONAL PART)

(b) (i) Write TRUE or FALSE for the following statements with regard to a Personal Balance Sheet or Cash Flow Statement. ______ A persons investment assets to net worth ratio should logically decrease, as he/she grows older. ______ Cash management helps you to manage your cash on a day-to-day basis; hence, it has no relation with long-term financial goals. ______ Budgeting means that you should try to track every single cent you spend. ______ Liabilities are normally reported at their current fair market value. ______ Marketability refers to the quality and capability of any asset to be sold quickly with little risk of loss and possessing a relatively stable price over time. ______ When budgeting monthly income, you should exclude one-off items such as a 3-month year-end bonus. ______ When a persons cash-flow statement shows a surplus, this means that funds are ready to be used. ______ No one financial ratio tells the whole story; hence, we need to look at a few ratios to get an overall picture of an individuals financial health. (8 marks)

(c) (i) WEALTH ACCUMULATION INVESTMENT PLANNING Consider the following investments: 1. A deposit paying 7.1% compounded annually 2. A deposit paying 7.2% compounded quarterly 3. A deposit paying 6.5% compounded monthly

Which of these investments offers the best return? (9 marks)

WEALTH GROUNDING- FOUNDATIONAL PART You had lunch with Mabel, a receptionist. Mabel noticed that the term "emergency find"is frequently mentioned in various articles in the local newspapers. Mabel mentioned that her monthly expenses otal about $1,750 per monthly and she has and she has the following: Saving Account Balance (Mabel) $6,000 Fixed Account Ma $3,500 WEALTH PROTECTION -INSURANCE PLANNING Mabel shared the following infomation with you: Her husband, Boon Teck, is 37 years old and they have a daughter Katherine, 12 years old. Boon Teck wants to provide for the family for the next 10 years until Katherine is 22 years old and has completed her university education. He estimates that the income needed for the family is $70,000 and Katherine's university education is $42,000. He also wants to provide $180,000 as retirement income for Mabel and he estimates that the family will need a miscellaneous amount of $25,000 per annum Boon Teck has savings of $35,000 and shares worth $78,000. His assets also include an existing life insurance policy of $50,000. WEALTH ACCUMULATION-INVESTMENT PLANNING Boon Teck and Mabel wish to upgrade to a condominium apartment in 2 years' time. They think that if they can obtain a 25 year loan, they can afford to make maximum monthly payments of $2,000 per month (cash and CPF amount). Assume that Boon Teck and Mabel have accumulated the necessary 20% down payment and have also found a bank that is willing to offer them a 4% fixed rate 25-year loan. Boon Teck purchased an antique chair for $12,000. Today, his chair sold for $33,752. Boorn Teck estimated that he had the antique chair for 12 years