Ugba 135 final exam Study guides, Class notes & Summaries

UGBA 135 final exam with complete solutions

UGBA 135 final exam with correct answers

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...

UGBA 135 final exam 2023 with complete solution What's the rule of 72? How long it takes for a sum of money to double at a given interest rate 72/interest rate = # of years to double OR 72/# of years to double = interest rate What's a general partner? A general partner has the authority to act on behalf of the business without the knowledge or permission of the other partners. Unlike a limited or silent partner, the general partner may have unlimited liability for the debts of the busine...

UGBA 135 Final Exam Questions and Answers Already Passed What is the biggest problem facing us in the future? Longevity, not retirement Where is the burden of saving and investing for retirement and health care shifting? From employer to employee What percentage of households have income of more than $113,000? 10% What percentage of households earn $160,000? 5% What is a common trait of millionaires? The ability to communicate and sell their ideas Where can the lender not take out money fro...

UGBA 135 FINAL EXAM PRACTICE QUESTIONS WITH ANSWERS 2023 (Rated A+) what is a prepaid card? - answerPrepaid cards are offered by banks and non banks. They are not linked to a bank account. Prepaid cards were initially designed to provide less the affluent, those without a bank account, to carry money. However, bnks have found that they can be quite lucrative as they may charge initiation fees, inactivity fees, fees to load money onto the card, fees if you do NOT load money onto the card, fee...

UGBA 135 Final Exam 2023 Questions and Answers 100% Verified;These are acual quiz What is the biggest problem facing us in the future? Longevity, not retirement Where is the burden of saving and investing for retirement and health care shifting? From employer to employee What percentage of households have income of more than $113,000? 10% What percentage of households earn $160,000? 5% What is a common trait of millionaires? The ability to communicate and sell their ideas Where can ...

UGBA 135 Final Exam

UGBA 135 Final Exam Questions and Answers 2023 Complete What is "good debt"? Taking out loans in order to pay off a car, a mortgage or an education or starting a business What is considered "bad debt"? - Borrowing money to support a lifestyle of living beyond one's means What is the definition of a Modern Day Millionaire? - Financially independent, no government assistance, living the life they want to lead What is a credit card? - An unsecured line of credit - based on good fait...

UGBA 135 Final Exam With 100% Correct Answers 2023