BUSN 380 STUDY Future Starts Here/busn380study.com BUSN 380 STUDY Future Starts Here/busn380study.com | Page 12

analyze your current personal and financial situation.
create a financial plan of action.
Question 8. Question : (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. Question : (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."
"Save funds for an annual vacation."
"Invest $2,000 a year for retirement."

Question 10. Question : (TCO 1) _____ risk refers to the changing cost
of money.
Monetary Inflation Economic

Personal

Interest rate

Question 11. Question : (TCO 1) Calculating future value investing