If interest rates fell to 5% after two year, what would the bond be worth at that point?
January 11, 2018
What would be the new monthly repayment? What would be the new loan term
January 11, 2018

Develop a personal budget as part of a financial plan

Develop a personal budget as part of a financial plan. As part of this budget you should address the following required elements:

Identify personal financial goals as a start for a personal financial plan (short-term, intermediate-term, long-term, opportunity cost)

Identify inflows of cash (use spending diary)

Identify outflows of cash (use spending diary)

Outline a cash flow plan (interpret data and develop a plan)

Construct personal financial statements

Construct a budget (interpret data a develop a plan to meet short-term goals, at a minimum)

The student addressed the problem and came up with logical solutions using the 5-step problem solving process. The student had a response/suggestion for each of the 5 steps in order to come to a conclusion.


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