Read the Case Setting Financial Goals, and Answer the following questions: 1. What are Jamie Lee's short-term
Question:
Read the Case "Setting Financial Goals", and Answer the following questions:
1. What are Jamie Lee's short-term financial goals? How do they compare to her intermediate financial goals?
2. Browse Jamie Lee's current financial situation. Using the SMART approach, what recommendations would you make for her to achieve her long-term goals?
3. Name two opportunity costs that would be considered in Jamie Lee's situation?
4. Jamie Lee needs to save a total of 59.000 in order to get started in her cupcake cafe venture. She is presently depositing S1.800 a year in a regular savings account earning 2 percent interest. How much will she have accumulated five years from now in this regular savings account, assuming she will be leaving her emergency fund savings account balance untouched and for a rainy day?
Expert Answer:
1 Shortterm financial refer to things that a person intends to achieve within a very short time span normally less than 0ne year On the contrast inter... View the full answer
