Question 5:THE SAMPSONS - A Continuing Case (Chapter 1).

We will follow the Sampson family's continuing case throughout this course.Please read the introduction to the Sampsons on pages 26-27 of your text and then complete the following:

Goal 1:Purchase a new car for Sharon this year.

Goal 2:Pay for the children's college education.

Plan to achieve Goal 1

Sharon will set aside $500 per month until she has a down payment of $5,000 to buy a car.

Plan to achieve Goal 2

Dave and Sharon will set aside $300 per month to save for their children's college education.

How can the Sampsons periodically evaluate whether their plans to achieve Goal 1 and Goal 2 are successful?

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Should the Sampsons make one of these goals a priority over the other goal?Remember to explain why you think what you think!

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