Question

ok I am in serious need of personal finance 1 help, anyone care to be my best friend?

Answer 1

I can help.

Answer 2

lets see whats the problem, i'll be glad to help u out

Answer 3

ok awesome ill post some of my questions I swear I got all of the answers right from the text but.. I dunno
If a person deposited $50 a month for 6 years earning 8%, this would involve what type of computation?
A. Present value of a series of deposits

B. Future value of a single amount

C. Future value of a series of deposits

D. Present value of a single amount


The uncertainty associated with decision making is referred to as:
A. opportunity cost.

B. selection of alternatives.

C. financial goals.

D. risk.


Which is a question associated with the saving component of financial planning?
A. Do you have an adequate emergency fund?

B. Is your investment program appropriate to your income and tax situation?

C. Do you have a realistic budget for your current financial situation?

D. Are your transportation expenses minimized through careful planning?


To assess the current value of a lump-sum retirement benefit that will be received in 10 years, use the __________ calculation.
A. present value of annuity

B. present value of a single amount

C. future value of an annuity

D. future value of a single amount


The time value of money refers to:
A. personal opportunity costs such as time lost on an activity.

B. financial decisions that require borrowing funds from a financial institution.

C. changes in interest rates due to changes in the supply and demand for money in our economy.

D. increases in an amount of money as a result of interest.