FIN 4100 Chapter 1 Questions
the present value
The variable that you are solving for in a present value of an annuity problem is:
develop your goals
After putting your financial plan to work, you should periodically review and revise your plan, especially if you have all of the following, except:
saving $200 a month
A goal that would be considered measurable would be:
charge an amount that will pay them to operate and charge an adequate interest rate
Financial intermediaries' main goal is to:
decrease future value
How would a decrease in the interest rate effect the future value of a lump sum, single amount problem (all other variables remain the same)?
increase the present value
How would a decrease in the interest rate effect the present value of a lump sum, single amount problem (all other variables remain the same)?
decrease the present value
How would an increase in the interest rate effect the present value of an annuity problem (all other variables remain the same)?
lead to higher interest rates
If the providers in the financial system dramatically change their behavior by significantly reducing their savings, this has the potential to:
personal values
The first step in the Financial Planning Process is to determine your current financial situation. This includes reviewing all of the following, except:
obtain funds for the least cost
The primary goal of the Users in the Financial system is to:
future value
The variable that you are solving for in a future value of a lump sum problem is:
present value
The variable that you are solving for in a present value of a lump sum problem is:
payments
The variables in a present value of a lump sum problem include all of the following, except:
future value
The variables in a present value of an annuity problem include all of the following, except:
Goals that are SMART, include
Specific, Measurable, Action-Oriented, Realistic, Time-Oriented
spending so much time creating a plan that you never put it never it into action
The "Paralysis of Analysis" means:
