Why might you need to revise your financial plan?
Answer to relevant QuestionsList some information available on the Internet that might be useful for financial planning. Describe one way you might use some of this information for financial planning purposes. What factors influence income? Why is an accurate estimate of expenses important in budget planning? How do tax laws affect the budgeting process? Jason's car was just stolen, and the police informed him that they will probably be unable to recover it. His insurance will not cover the theft. Jason has a net worth of $3,000, all of which is easily convertible to cash. ...Define cash inflows and cash outflows and identify some sources of each. How are net cash flows determined? Ryan and Nicole (from problem 9) have the following liabilities: Mortgage......... $ 43,500 Car loan......... 2,750 Credit card balance....... 165 Student loans......... 15,000 Furniture loan (6 months) .... ...
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