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Sophia Martin wants to travel after she retires as well as pay off the balance of the loan she has on the home she owns.

Sophia Martin wants to travel after she retires as well as pay off the balance of the loan she has on the home she owns. Which step in the financial planning process does this situation demonstrate?

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  • Determining her current financial situation

  • Developing her financial goals

  • Identifying alternative courses of action

  • Evaluating her alternatives

  • Implementing her financial plan

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