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If you put $500 in a savings account and make no further deposits, what type of calculation would provide you with the value of the account in 10 years? Multiple Choice Future value of a single amount Simple interest Present value of a single amount Present value of a series of deposits Cintura waliin nfa carine of donncite Future value of a series of deposits Present value is often referred to as compounding. True or False True False The success of a financial plan will be determined by: Multiple Choice the amount of debts owed. the stage of the adult life cycle. a person's tax status. the individual's financial habits. o current economic conditions. The problem of bankruptcy is associated with misuse of credit in the component of financial planning. Multiple Choice sharing saving obtaining borrowing protecting 25 of 30 HU When an individual makes a purchase without considering the financial consequences of that purchase, he/she ignores the aspect of financial planning. Multiple Choice borrowing risk management spending retirement and estate planning obtaining