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How is net worth calculated. Give the formula. ( LO 1 ) How are cash value life insurance policies valued on the balance sheet? What
How is net worth calculated. Give the formula. LO
How are cash value life insurance policies valued on the balance sheet? What about term insurance? Which is better for most investors? Why? LO
How are retirement plans such as k IRA, or b valued for the personal balance sheet? Hint: What dollar value do we use? Or how is the dollar value determined? LO
What is the best method for compensating your financial planner? LO
What is a defined benefit retirement plan and is it generally considered superior to a k IRA, b etc.? LO
What advice should one seek before purchasing cash value life insurance, and from whom? Hint: The answer is not an insurance sales person or agent. LO
What are the major parts of the personal balance sheet? LO
What time period does a personal balance sheet cover? LO
Define liquid asset. LO
Distinguish between recurring and unexpected expenses. LO
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