Please explain and give 3/three clear examples of how will you apply the knowledge acquired in your Financial Management course in making future decisions, in your real life, in situations which can significantly impact your financial future.

Hints:

as discussed in our classes, in preparation of this final exam, a "generic" future "life line" of a young student contains, at least, the following points where good financial decision making is critical: (a) choice of education and qualification, (b) choice of the market (i.e. industry) and role one will perform in the future (e.g. choice of jobs etc.), (c) purchase of a dwelling, (d) education of the offsprings, (d) retirement, .....(e) estate planning. You chose any 3 of these decision points.

the approached followed in the above financial decisions better be the same ( provided one wants to earn money!) as in corporate finance and any of this decisions can be have an equivalent in a corporate finance example (e.g. "I want to retire at ... with..." can be rapidly changed into "the company wants to build a new factory and it have to save, the factory yielding the following future cash flows ....etc.")

you are required to clearly state your assumptions and show your newly acquired financial acumen (e.g. decide on the initial investment, decide on time, decide on cash inflows, show the logic you used in choosing discount rates etc.)