FIN 564 Week 1 Quiz
1. (TCO A) Which of the following goals is stated in a way that is most useful for developing a financial plan? 2. (TCO A) The three key groups in the economic environment are 3. (TCO A) The three parts of your balance sheet are 4. (TCO A) Kathy purchased new furniture for $10,000. She put $1,000 down and financed $9,000. She will pay $350 per month until the loan is paid off. Which of the following are true? 5. (TCO A) Michael and Sandy purchased a home for $100,000 five years ago. If it appreciated 6% annually, what is it worth today?
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1. (TCO A) Which of the following goals is stated in a way that is most useful for developing a financial plan?
2. (TCO A) The three key groups in the economic environment are
3. (TCO A) The three parts of your balance sheet are
4. (TCO A) Kathy purchased new furniture for $10,000. She put $1,000 down and financed $9,000. She will pay $350 per month until the loan is paid off. Which of the following are true?
5. (TCO A) Michael and Sandy purchased a home for $100,000 five years ago. If it appreciated 6% annually, what is it worth today?
