Ugba 135 Study guides, Class notes & Summaries
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UGBA 135 Midterm Questions With 100% Correct Answers.
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UGBA 135 final PASSED Exam Questions and CORRECT Answers
- Exam (elaborations) • 20 pages • 2024
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UGBA 135 final PASSED Exam Questions 
and CORRECT Answers 
What is the Rule of 72? - Correct Answer- How long it takes to double money at a given 
interest rate. 
Divide 72 by the interest rate = how many years it will take your money to double 
Divide 72 by years to double money = interest needed to earn
UGBA 135 MIDTERM 1 2024 QUIZZES & ANS, GRADED A+
![UGBA 135 Final Exam (Fall 2022)](/docpics/3313037/64e8901111628_3313037_121_171.jpeg)
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UGBA 135 Final Exam (Fall 2022)
- Exam (elaborations) • 22 pages • 2023
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UGBA 135 Final Exam (Fall 2022) 
 
The Rule of 72 is used to estimate 
A. How long will it take you to earn 50%? 
B. How long it will take you to out-earn inflation? 
C. How long it will take to double your money? 
D. None of the above 
C (How long it will take to double your money) 
Compounding means earning interest on interest (T/F) 
True 
Who said compound interest is the greatest discovery of mankind? 
Albert Eienstien 
The best time to decide how much to save for retirement each month is a...
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UGBA 135 Final Exam Questions and Answers 100% Correct
- Exam (elaborations) • 54 pages • 2023
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UGBA 135 Final Exam Questions and Answers 100% Correct 
The Rule of 72 is used to estimate 
A. How long will it take you to earn 50%? 
B. How long it will take you to out-earn inflation? 
C. How long it will take to double your money? D. None of the above C (How long it will take to double your money) 
Compounding means earning interest on interest (T/F) True 
Who said compound interest is the greatest discovery of mankind? Albert Eienstien 
The best time to decide how much to save for retiremen...
![UGBA 135 Personal Finance Exam With Complete Solution](/docpics/5211595/663943c588145_5211595_121_171.jpeg)
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UGBA 135 Personal Finance Exam With Complete Solution
- Exam (elaborations) • 17 pages • 2024
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UGBA 135 Personal Finance Exam With Complete Solution...
![UGBA 135 Final question n answers graded A+ 2023/2024](/docpics/3837026/6553f8029cd0e_3837026_121_171.jpeg)
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UGBA 135 Final question n answers graded A+ 2023/2024
- Exam (elaborations) • 19 pages • 2023
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UGBA 135 Finalwhat is the greatest factor that determines your credit score? - correct answer paying bills on time over time 
 
the "cornerstone" of wealth is? - correct answer being frugal, not cheap but value oriented 
 
what is the minimum criteria for a credit score? - correct answer - at least one reported "account" which has been open for at least six months 
- at least one report that has been reported by a lender in the last six months and nothing that indicates you're deceased 
 
w...
![UGBA 135 Midterm Verified Test Questions 2024.](/docpics/5084208/6627b28d96fc6_5084208_121_171.jpeg)
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UGBA 135 Midterm Verified Test Questions 2024.
- Exam (elaborations) • 19 pages • 2024
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UGBA 135 Midterm Verified Test Questions 2024. 
21st Century Millionare - correct answer - Someone who can financially take care of themselves without help from any government agency, living the life they want to lead 
- After working for 40 years, only 5% of people are financially independent (don't need government assistance) 
- Cornerstone of their wealth = being frugal (not cheap, but value-oriented) --> budget and spend carefully, live within their means 
- People who succeed have goals...
![UGBA 135 Final Question and answers 2023/2024 verified to pass](/docpics/4311267/65b03af0cc8fb_4311267_121_171.jpeg)
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UGBA 135 Final Question and answers 2023/2024 verified to pass
- Exam (elaborations) • 19 pages • 2024
- Available in package deal
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- $14.49
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UGBA 135 Final Question and answers 2023/2024 verified to pass what is the greatest factor that determines your credit score? - correct answer paying bills on time over time 
 
the "cornerstone" of wealth is? - correct answer being frugal, not cheap but value oriented 
 
what is the minimum criteria for a credit score? - correct answer - at least one reported "account" which has been open for at least six months 
- at least one report that has been reported by a lender in the last six months...
![UGBA 135 Final Exam (Fall 2022)](/docpics/3423072/65007f1c0a7b7_3423072_121_171.jpeg)
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UGBA 135 Final Exam (Fall 2022)
- Exam (elaborations) • 22 pages • 2023
- Available in package deal
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- $10.99
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UGBA 135 Final Exam (Fall 2022) 
 
The Rule of 72 is used to estimate 
A. How long will it take you to earn 50%? 
B. How long it will take you to out-earn inflation? 
C. How long it will take to double your money? 
D. None of the above 
C (How long it will take to double your money) 
Compounding means earning interest on interest (T/F) 
True 
Who said compound interest is the greatest discovery of mankind? 
Albert Eienstien 
The best time to decide how much to save for retirement each month is a...
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