Managing Personal Finances

Front

What is the error if an investment is compounded quarterly with an interest rate of 8%? As a guide here are the equationsOptions: (+)0.25 , (-)0.35, (+)0.30, (-)0.20

Back

(+)0.25

Front

Financial strategies depend largely on the person’s earnings, living requirements, goals, and desires.

Back

Personal Finance

Front

A sum of Php 1000 is invested at an interest rate of 12% per year. Find the amount in the account after three years if interest is compounded continuously. GIVEN: n= 3, P = Php1000, t = 3 years, r = 0.12, A=?

Back

Php 1,423.3

Front

When dealing with rates outside this range, the rule can be adjusted by adding or subtracting 1 from 72 for every 3 point the interest rates diverges from the _% threshold.

Back

8%

Front

What are the Different Areas of Personal Finance?

Back

Income, Spending, Saving, Investing, Protection

Front

It is a comprehensive evaluation of an individual current pay and future financial state by using the current known variables to predict future income, asset, values and withdrawal plans.

Back

Financial plan

Front

Which of the following is NOT part of the ten steps to creating a financial plan? Options: Write down your financial goals, Get the right insurance, Create an estate plan, Get rid of taxes.

Back

Get rid of taxes

Front

Rasde invested Php 6,000 in the bank with a compounded annual rate of 5.3%. How long will it take for his money to double?

Back

13.5 Years

Front

Mathematics in Personal Finance Management explore the concept of:

Back

interest, simple interest, compound interest

Front

Mathematics in Personal Finance Management equips readers with the skills needed to make accurate and effective decisions in all aspects of personal ventures, including Options: life insurance, pension, donation; marriage contracts, donation, mortgages; mortgages, life insurance, credit card debt; mortages, charity, pledges

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mortgages, life insurance, credit card debt