Fhce 3200 - Study guides, Class notes & Summaries

I want to retire with $1,000,000 in the bank" represents what element(s) of a SMART goal? a) specific b) attainable c) realistic d) all of the above ~ d assume you can earn 1% interest monthly on your savings. what is your APR and APY? ~ APR: 12% APY: 12.68% How many years it will take to grow $3,000 to $6,000 earning 3% interest? ~ 72/3 = 23.45 (~24 years) What interest rate will turn $3,000 into $6,000 over 6 years? ~ 72/6 = 12% Let's say that you receive $1,000 at your ...

FHCE 3200 EXAM #2 STUDY GUIDE 2024 QUESTIONS AND ANSWERS Flat tax - Answer- everyone pays the same rate regressive tax - Answer- low income earners pay a larger proportion of their incomes in taxes relative to high-income households Progressive tax - Answer- those with more income pay increasingly higher taxes, high- income earners pay a disproportionately larger amount of taxes different types of taxes - Answer- •Federal income taxes •State income taxes (where applicable) •Payrol...

FHCE 3200 EXAM #2 STUDY GUIDE 2024 QUESTIONS AND ANSWERS Flat tax - Answer- everyone pays the same rate regressive tax - Answer- low income earners pay a larger proportion of their incomes in taxes relative to high-income households Progressive tax - Answer- those with more income pay increasingly higher taxes, high- income earners pay a disproportionately larger amount of taxes different types of taxes - Answer- •Federal income taxes •State income taxes (where applicable) •Payrol...

FHCE 3200 Module 2 Questions With Complete Solutions

FHCE 3200 Exam 3. Questions and answers, verified/ - assets with potential to make a higher return over time - mutual funds, stocks, and bonds - -Level 2: Investments - easy to buy - easy to redeem - tax advantaged - safe - -savings bond

FHCE 3200- final exam Questions and answers/ Financial capacity can be defined as: - -How well an individual can manage their finances based on their access to financial resources An individual's willingness to engage in a risky financial behavior is known as their - -financial risk tolerance Which of the following factors is associated with an individual's fin

FHCE 3200: EXAM 1, Questions and answers, rated A+ financial literacy - -how well you can understand and use personal finance-related information. internal view of the financial world - -1. financial knowledge 2. financial risk tolerance 3. feelings of control financial knowledge - -ability to understand personal finance info

FHCE 3200 Test #1, Exam Review Questions and answers/ Financial Literacy - -how well you can understand and use personal finance-related information. Financial risk tolerance - --your willingness to engage in financial endeavors that have uncertain outcomes. -your willingness to engage in a behavior that entails the possibility of a financial loss. If you dislike losing, especially money, you might be said to be... - -loss-averse key action steps to financial well-being - -1. Keep good ...

FHCE 3200 EXAM #2 STUDY GUIDE QUESTIONS WITH COMPLETE SOLUTIONS

FHCE 3200: Chapter 8 Questions With Complete Solutions