WHILE I COLLEGE, PAM JENKINS WORKED PART TIME AND WAS NEVER CONCERNED ABOUT LONG TERM FINANCIAL PLANNING. RATHER THAN CREATING A BOOUDGET, SHE USED HER CHECKBOOK AND SAVINGS ACOOUNT WHICH HAD USUALLY AD A VERY LOW BALANCE TO HANDLE HER DINANCIAL NEEDS. AFTER COMPLETING COLLEGE PAM BEGAN HER CAREER AS A SALES REPRESENTATIVE FOR A CLOTHIN MANUFACTURER LOCATED IN CALIFORNIA AFTER ONE YEAR HER ASSEST CONSIST OF A 2002 AUTOMBILE, A TELEVISION SET, SOME ELECTRONIC ENERTAINMENT EQUIPMENT AND CLOTHING AND OTHER PERSONAL BELONGS WITH A TOTAL VALUE OF A TOTAL $8200. THE QUESTION IS LIST AT LEAST THREE FINANCIAL SITUATIONS AND THE TIME VALUE OF MONEY CALCULATIONS THAT WOULD BE HEOPFUL TO PAM IN PLANNING OR MAKING DECISIONS

SINGLE AGE 22 STARTING A CAREER NO DEPENDENTS, HER MONTHLY INCOME $2600, LIVING EXPENSES $2180, ASSEST $8200, LIABILITIES $3470, EMERGENCY FOUND $530