At which life stage does it become a priority to assess insurance needs? Points: 1 Early career
Question:
At which life stage does it become a priority to assess insurance needs?
Points: 1
- Early career
- Family and mid-career
- Education
- Prime earning
2
Which step in developing a financial plan requires you to define specific actions to achieve your desired objective?
Points: 1
Step 3: Identify and evaluation alternative plans
Step 4: Select and implement the best plan
Step 1: Establish your financial goals
Step 2: Consider your current financial position
3
What is the future value in 2 years if you invest $100 at the beginning of each month for 12 months starting today at a rate of 3%, compounded semi-annually?
Points: 1
- $1,219.56
- $1,256.42
- $1,216.53
- $1,253.30
5
Which will result in a higher present value, all else equal?
I. Less frequent compounding II. Beginning-of-period rather than end-of-period contributions III. A longer investment period
Points: 1
- I and III, only
- II and III, only
- I, II and III
- I and II, only
6
How much interest will be paid in the 7th month if you borrow $20,000 at a rate of 6%, compounded monthly, and pay it off over 6 years with monthly payments?
Points: 1
- $89.04
- $237.30
- $331.46
- $92.97
7
Janice will need to pay $200 at the end of every month for the next 12 months, except for the payment of the 10th month. What is the present value, assuming a rate of 4%, compounded daily?
Points: 1
$2,155.28
- $2,199.02
- $2,370.88
- $2,261.01
8
Temperance's net worth is $45,000. Her debt ratio is 0.5. Her long-term assets total $75,000, and monthly expenses are $3,000. What is her liquidity ratio?
Points: 1
- 3 months
- 4 months
- 5 months
- 6 months
10
Teddy's gross income is $100,000 and her disposable income is $70,000. Her savings ratio is 6%. What is the minimum emergency fund should she maintain?
Points: 1
- $23,500
- $1,500
- $10,700
- $16,450
International Marketing And Export Management
ISBN: 9781292016924
8th Edition
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr