Personal Finance

Running head: PERSONAL FINANCE
Personal Finance
Name of the student:
Name of the university:
Author Note:

PERSONAL FINANCE1
Table of Contents
Answer to Question 1.................................................................................................................3
Answer to Question 2.................................................................................................................3
Answer to Question 3.................................................................................................................3
Answer to Question 4.................................................................................................................3
Answer to Question 5.................................................................................................................4
Answer to Question 6.................................................................................................................4
Answer to Question 8.................................................................................................................4
Answer to Question 9.................................................................................................................4
Answer to Question 10...............................................................................................................5
Answer to Question 11...............................................................................................................5
Answer to Question 12...............................................................................................................5
Answer to Question 13...............................................................................................................5
Answer to Question 14...............................................................................................................5
Answer to Question 15...............................................................................................................6
Answer to Question 16...............................................................................................................6
Answer to Question 17...............................................................................................................6
Answer to Question 18...............................................................................................................6
Answer to Question 19...............................................................................................................6
Answer to Question 20...............................................................................................................6
Answer to Question 21...............................................................................................................6

PERSONAL FINANCE2
Answer to Question 22...............................................................................................................7
Answer to Question 23...............................................................................................................7
Answer to Question 24...............................................................................................................7
Answer to Question 25...............................................................................................................7
Problem 2...................................................................................................................................7
Answer to Question 1.............................................................................................................7
Answer to Question 2.............................................................................................................8
Answer to Question 3.............................................................................................................8
Answer to Question 4.............................................................................................................8
Answer to Question 5.............................................................................................................8

PERSONAL FINANCE3
Answer to Question 1
The five basic steps of the personal financing planning process are identify the current
financial status, develop financial goals, adopt alternative course of action, and identify the
opportunity cost and financial action plan. Effective financial planning by adopting all the
steps in this case is significant in order to enhance the financial status of the firms.
Answer to Question 2
Answer to Question 3
Answer to Question 4