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What is personal finance? How would you differentiate it from corporate finance? 2. Briefly explain both financial success and financial planning. 3. Explain two ways

What is personal finance? How would you differentiate it from corporate finance?

2. Briefly explain both financial success and financial planning.

3. Explain two ways time value of money could be used to make financial decisions.

4. Define the balance sheet and give two examples of how to increase ones net worth.

5. Define the cash-flow statement and explain its implications.

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