saving , spending , and borrowing based on current needs . achieving personal economic satisfaction .
Question 7.7 . ( TCO 1 ) When it comes to the financial planning process , the first step is to
develop financial goals . implement the financial plan . evaluate and revise your actions . analyze your current personal and financial situation . create a financial plan of action .
Question 8.8 . ( TCO 1 ) If a person wants to determine the current value of a desired amount for the
future , the following computation would be used . Simple interest Present value of a single amount Future value of a series of deposits Future value of a single amount Present value of a series of deposits
Question 9.9 . ( TCO 1 ) Which goal below would be the easiest to implement and measure in terms of
accomplishment ? " Reduce our debt payments ." Save $ 100 a month to create a $ 4,000 emergency fund ."