Complete the Assignment: Personal Finance by Rachel Siegel and Carol Yacht (2009); Page 23. Exercise 2. See below: “Use the S.M.A.R.T. planning model and information in this section to evaluate Alice’s goals (below). a. pay off student loan b. buy
What skills and knowledge do you hope to obtain by taking the Personal Finance course? In the modern world, every part of your life requires some expenses – from daily necessities like food to being able to simply go from
Why is insurance important? Choose two types of insurance and discuss their characteristics. According to Kagan J. (October 12, 2021), we can define insurance as a contract, which provides individuals or entities with financial protection from the insurance company
What are the causes of budget variances? First, let’s talk about what a budget variance is. It is a term that we use to describe the situation when the actual costs differ from the standard (and planned) ones. The
What is time value of money? Discuss how the expression “a bird in the hand is worth two in the bush” relate to the concept of the time value of money? What is time value of money? TVM (or Time
Define the financial planning process. List the elements of a good financial plan. Identify and discuss the three most important personal factors and the three most important economic factors that affect your financial planning decisions. According
Do you agree that technology and globalization increase the chance of inequality? If yes, state your reasons why. If no, also state your reasons why. Take a minute to think about how technology and globalization have impacted your region. Write
Why does the M-Pesa work so well in Kenya? Do you think that such a system could work in your country? Please state your reasons. As mobile phones, Internet access, and tech hubs differ greatly throughout the African continent, how
Various projects are handled by international financial institutions (IFI) on a yearly basis. It is your task to give one gold, one silver, and one bronze medal to each chosen project. For each medal you give out, you must state
Review the 8 Millennium Development Goals and suggest some improvements to the goals. As of this year, how would you list the Millennium Development Goals? Would the list from 1 to 8 stay the same, be switched around, or would