- Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about ? On this page you'll find 14 study documents about .
All 14 results
Sort by:
-
Exam (elaborations)
FINA 200 EXAM QUESTIONS WITH 100% SOLVED ANSWERS
-
---6February 20252024/2025A+
- FINA 200 EXAM QUESTIONS WITH 100% SOLVED ANSWERS 
 
What is the purpose of estate planning? - Answer-Estate planning is the act of determining how your wealth will be distributed before and/or after your death. The purpose of estate planning is to protect your wealth against unnecessary taxes and ensures that your wealth is distributed in a timely and orderly manner 
 
How does psychology affect your cash flow? - Answer-When people focus on their desire for immediate satisfaction and/or the pre...
-
$11.99 More Info
Scholarsstudyguide
-
Exam (elaborations)
FINA 200 Lecture 3 Exam Questions and Answers All Correct
-
---3February 20252024/2025A+
- FINA 200 Lecture 3 Exam Questions and Answers All Correct 
 
What are 2 alternative budgeting strategies? - Answer-Envelope method 
Pay yourself method 
 
Personal Balance sheet? - Answer-AKA Net Worth Statement 
Overall snapshot of your wealth at a specific point in time summarizing you assets (what you own) less your liabilities (what you owe) to determine your net worth 
 
What are liquid assets? - Answer-Financial assets that can be easily converted into cash without a loss in value (e.g. c...
-
$12.99 More Info
Scholarsstudyguide
-
Exam (elaborations)
FINA 200 STUDY TEST QUESTIONS WITH CORRECT ANSWERS
-
---6February 20252024/2025A+
- FINA 200 STUDY TEST QUESTIONS WITH CORRECT ANSWERS 
 
What is the grace period in a life insurance policy? 
Similar to the grace period on your credit card, you get a monthly break from paying interest. 
It is the period when you are changing from one life insurance policy to another. 
Age is the primary driver for the cost of life insurance, the grace period is a discounted rate on premiums from age 50 to 60. 
It refers to the period when the policy has lapsed and can be reinstated. 
It refers...
-
$13.59 More Info
Scholarsstudyguide
-
Exam (elaborations)
FINA 200 EXAM WITH COMPLETE SOLUTIONS
-
---5February 20252024/2025A+
- FINA 200 EXAM WITH COMPLETE SOLUTIONS 
 
 
What does GDS/TDS determine? - Answer-If you can afford loan - loaner will not allow you to spend more than 30-32% of your Gross Income on housing 
 
5 C's of credit - Answer-Character (attitude) 
Capacity (credit obligations) 
Capital (equity) 
Collateral 
Conditions 
 
Gross Debt Service (GDS) - Answer-(PI + T + H)/GI X 100 
 
Total Debt Service (TDS) - Answer-(PI + T + H + D)/GI X 100 
 
What is the difference between GDS and TDS? - Answer-GDS - ...
-
$13.59 More Info
Scholarsstudyguide