Personal Finance (6th Edition) (Pearson Series in Finance)
Personal Finance (6th Edition) (Pearson Series in Finance)
6th Edition
ISBN: 9780134082561
Author: Jeff Madura
Publisher: PEARSON
Question
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Chapter 19, Problem 14FPP

a)

Summary Introduction

Case summary:

Person N and A are decided to save some amount of money for retirement purpose. Person N’s uncle assures that his total estate will belongs to her after his death. So, person N and A made her uncle’s last days as enjoyable as possible.

Later on her uncle passes away, she was surprised at the time of reading of his will, that uncle left his entire estate, valued $2 million to a home for stray cats.

Characters in the case:

  • Person N,
  • Person A,
  • Person C.

To discuss: ethical actions regarding the decision of person C.

b)

Summary Introduction

To discuss: Lessons learned by person N and person I about retirement planning.

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