Personal Finance Planning Week 1 Discussion Questions (6)

Experts only! Scholarly responses are required.

*Please answer each question individually and accurately. Must cite any and all references in APA format. Label each solution with the corresponding question. Copy and pasted solutions will NOT be accepted. Minimum 2-3 quality paragraphs per question .Type your solution under each corresponding question.

Personal Finance Planning Week 1 Discussion Questions (6) Experts only! Scholarly responses are required. *Please answer each question individually and accurately. Must cite any and all references in APA format. Label each solution with the corresponding question. Copy and pasted solutions will NOT be accepted. Minimum 2-3 quality paragraphs per question .Type your solution under each corresponding question. Part A: 1. Incorporating time-value-of-money concepts and information from well-developed personal financial statements, identify your long-term financial goals and discuss the pertinent aspects for realizing these long-term financial goals. Explain the choices that you must make and how career planning will also fit into your plan. 2. How does the government control the money supply into the economy using the interest rates? 3. Moving forward, let's move from the macro level (economy) of finance to the micro (personal) level, please explain the following: - What other factors influence the level of interest rates? - What is net worth? Can you provide numerical examples of a person's net worth? - What does it mean when someone is said to be insolvent? What is solvency? Which financial statement shows solvency? Part B: 1. Identify, quantify, and discuss the opportunity costs that arise from your decision to attend a University. Using the concept of present value analysis, how would you justify your decision to acquire a college degree? 2. What are the eight major components of personal financial planning? Can you provide examples? 3. What are the main elements of every decision we make