PERSONAL FINANCE ETEXT TURNING MONEY
PERSONAL FINANCE ETEXT TURNING MONEY
8th Edition
ISBN: 9780136879015
Author: KEOWN
Publisher: PEARSON
Question
Book Icon
Chapter 1, Problem 3PA
Summary Introduction

To identify:

Five financial goals according to the features of financial goals.

Introduction:

Financial goals are the monetary objective of an individual or family. So, they can be financially secured. Financial goals have certain features such as:

  • Specific means goals should be specific as much as possible.
  • Realistic:

    It means it should be achievable and not something that is not possible to achieve.

  • Prioritized:

    It means the one can rank their different goals.

  • Anchored in time means goals should be made to be achievable in a particular time frame.

Blurred answer
Students have asked these similar questions
The formula for calculating the present value of a future amount is:A) Future Value × (1 + r)^nB) Future Value ÷ (1 + r)^nC) Future Value × (1 - r)^nD) Future Value ÷ (1 - r)^n need help!
no ai  What is the primary purpose of diversification in investing?A) To maximize returnsB) To eliminate all riskC) To reduce unsystematic riskD) To ensure stable dividends
no chatgpt  Which of the following is a capital structure decision?A) Deciding how much to pay in dividendsB) Deciding how to allocate funds to various projectsC) Deciding the mix of debt and equity financingD) Deciding how much inventory to purchase need help!
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Essentials Of Investments
Finance
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Mcgraw-hill Education,
Text book image
FUNDAMENTALS OF CORPORATE FINANCE
Finance
ISBN:9781260013962
Author:BREALEY
Publisher:RENT MCG
Text book image
Financial Management: Theory & Practice
Finance
ISBN:9781337909730
Author:Brigham
Publisher:Cengage
Text book image
Foundations Of Finance
Finance
ISBN:9780134897264
Author:KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:Pearson,
Text book image
Fundamentals of Financial Management (MindTap Cou...
Finance
ISBN:9781337395250
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Cengage Learning
Text book image
Corporate Finance (The Mcgraw-hill/Irwin Series i...
Finance
ISBN:9780077861759
Author:Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:McGraw-Hill Education