Ugba 135 Study guides, Class notes & Summaries

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 HW 3 TEST WITH COMPLETE SOLUTION...

UGBA 135 Final Exam With Complete Solution...

UGBA 135 FINAL Exam With 100% Correct Answers 2023 Mortgage - Legal document that pledges a piece of property as collateral to repay the lender - Lender can take possession of the property if you cannot repay and sell for profit First Mortgage - primary loan with priority on claims in case of default - First mortgage is secured by a piece of property, has first claim on the property, a legal loan documents. Second Mortgage - riskier, because paid off second - higher rate of ...

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 Exam With Complete Solution...

UGBA 135 Midterm 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 Do not outlive your money ...

UGBA 135 Final Exam With 100% Correct Answers 2023

UGBA 135 Final 2023 Questions and Answers. What is the biggest problem facing us in the future? - answerLongevity, not retirement Where is the burden of saving and investing for retirement and health care shifting? - answerFrom employer to employee What percentage of households have income of more than $113,000? - answer10% What percentage of households earn $160,000? - answer5% What is a common trait of millionaires? - answerThe ability to communicate and sell their ideas Where can the l...

UGBA 135 Final Exam (Fall 2022)