How do you assess the accuracy of your budget? How can finding forecasting errors improve your budget?
Answer to relevant QuestionsHow should unexpected expenses be handled in your budget? How might these expenses affect your budget for a specific month? Over time? Angela makes a budget based on her personal cash flow statement. In two months, she must pay $ 375 for tags and taxes on her car. How will this payment affect her net cash flow for that month? Suggest ways that Angela might ...What is the Sampsons’ net worth? Based on the personal cash flow statement that you prepared in question 1, do you expect that their net worth will increase or decrease in the future? Why? Stacey would like to have $ 1 million available to her at retirement. Her investments have an average annual return of 11%. If she makes contributions of $ 300 per month, will she reach her goal when she retires in 30 years? Juan would like to give his newly born grandson a gift of $ 10,000 on his 18th birth-day. Juan can earn 7% interest on a certificate of deposit. How much must he deposit now in order to achieve his goal?
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