Quiz-ONE-Chapters 1 thru 4 - 110-00-3261
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Quiz-ONE-Chapters 1 thru 4 - 110-00-3261

Course Number: ACCT 400, Spring 2011

College/University: Ecole Polytechnique...

Word Count: 1463

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FINA-523 Summer 2011 - First Quiz Chapters 1 thru 4 1. You need to review your progress, reevaluate, and revise your plan (step 5) because A) your financial needs change over your lifecycle B) your employment situation changes from time to time C) your net worth will change over time D) your family situation may change from time to time E) all of the above are good reasons to periodically review your financial...

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Summer FINA-523 2011 - First Quiz Chapters 1 thru 4 1. You need to review your progress, reevaluate, and revise your plan (step 5) because A) your financial needs change over your lifecycle B) your employment situation changes from time to time C) your net worth will change over time D) your family situation may change from time to time E) all of the above are good reasons to periodically review your financial plan 2. Claudia has $4,500 automatically deducted insurance for from her annual salary of $60,000. Additionally $7,500 is deducted each year in taxes. When preparing her personal income statement, what figure should Claudia enter for her income? A) $55,500 B) $48,000 C) $52,500 D) $60,000 3) Your money grows faster as the compounding period becomes longer. TRUE/FALSE 4. How much can you borrow today if you can make payments of $3,600 a year for the next five years and the interest rate is 10%? A) $13,646.

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