I dont need a paper, there are couple of exercises that I need you to do for my finance class.1 How can using personal financial planning tools help you improve your financial situation?2 Recommend three financial goals and related activities for someone in each of the following circumstances:
a. Senior in college
b. 32-year-old computer programmer who plans to earn an MBA degree
c. Couple in their 30s with two children, ages 5 and 9
d. Divorces 42-year-old man with a 15-year-old child and a 80-year-old father who is ill3 Evaluate the impact of age, education, and geographic location on personal income4 Nancy and bILL Thompson are preparing their 2013 cash budget. Help the Thompsons reconcile the following differences, giving reasons to support your answers.
a their only sources of income is Bills salary, which amounts to $5,000 a month before taxes, Nancy wants to show the $5,000 as their monthly income, whereas Bill argues that his take-home pay of $3,917 is the correct value to show.
b Nancy wants to make a provision for fun money, an idea that Bill cannot understand. He asks, Why do we need fun money when everything is provided for in the budget?5 Determine the annual net cost of these checking accounts:
a Monthly fee $5, check-processing fee of 25 cents, average of 19 checks written per month
b Annual interest of 2.5% paid if balance exceeds $750, $8 monthly fee if account falls below minimum balance, average monthly balance $815, account falls below $750 during 4 months.