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CRPC EXAM 2 NEWEST ACTUAL EXAM COMPLETE 200 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED $16.19   Add to cart
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CRPC EXAM 2 NEWEST ACTUAL EXAM COMPLETE 200 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED

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CRPC EXAM 2 NEWEST ACTUAL EXAM COMPLETE 200 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED

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  • July 13, 2024
  • 75
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • crpc exam 2 newest actual exam

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  • CRPC
  • CRPC

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CRPC Practice Exam

Terms in this set (85)

Mary Goodwin's financial C
situation is as follows:
Cash/cash equivalents
$15,000
Short-term debts $8,000
Long-term debts $133,000
Tax expense $7,000
Auto note payments $4,000
Invested assets $60,000
Use assets $188,000
What is her net worth?
A)$111,000
B)$137,000
C)$122,000
D)$263,000

,At the end of last year, Bill A
Greer has the following
financial information:
Salaries$70,000Auto
payments$5,000Insurance
payments$3,800Food$8,00
0Credit card
balance$10,000Dividends$1,
100Utilities$3,500Mortgage
payments$14,000Taxes$13,0
00Clothing$9,000Interest
income$2,100Checking
account$4,000Vacations$8,
400Donations$5,800
What is the cash flow
surplus or (deficit) for Bill?
A)
$2,700
B)
$6,500
C)
$10,700
D)
($500)

,Which of the following are D
correct statements about
income replacement
percentages?
I.Income replacement
percentages are typically
much higher for those with
higher preretirement
incomes.
II.Income replacement
percentages vary between
low-income and high-
income retirees.
III.Income replacement
ratios should not be used as
the only basis for planning.
IV.Income replacement
ratios are useful for younger
clients as a guide to their
long-range planning and
investing.
A)
I and IV
B)
I and II
C)
II and III
D)
II, III, and IV

, If Tom and Jenny want to B
save a fixed amount
annually to accumulate $2
million by their retirement
date in 25 years (rather than
an amount that grows with
inflation each year), what
level annual end-of-year
savings amount will they
need to deposit each year,
assuming their savings earn
7% annually?
A)
$55,692
B)
$31,621
C)
$29,552
D)
$54,130

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