CFP Practice Exam 1 Questions and Answers 100% Solved
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Course
CFP
Institution
CFP
CFP Practice Exam 1 Questions and
Answers 100% Solved
According to CFP Board's Code of Ethics and Standards of conduct, A
CFP Professional may represent the CFP Professionals or the CFP
Professional's Firm's compensation method as "fee only" only under which
set of circumstances? - The CFP Pro...
4. She should lease the car for $4,000 down, $550 monthly payments for 5
years, and $5,000 payment at the end of the lease. - ✔✔Answer: 3 is the
best choice
Calculation:
End Mode
N: 60
I: 8/12
PMT: $500
FV: $10,000
Solve for PV which equals $31,371.
The total present value for this option is $31,371 + $2,000 down payment =
$33,371
which of the following strategies will most likely increase a client's cash
flow?
A. refinance the client's 2 year old 30 year mortgage at 7% with a 15 year
mortgage at 6.5%
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