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spending to achieve financial objectives.
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."