Ugba 135 final exam - 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 Final Exam (Fall 2023)

UGBA 135 final exam 2023 with complete solution What's the rule of 72? How long it takes for a sum of money to double at a given interest rate 72/interest rate = # of years to double OR 72/# of years to double = interest rate What's a general partner? A general partner has the authority to act on behalf of the business without the knowledge or permission of the other partners. Unlike a limited or silent partner, the general partner may have unlimited liability for the debts of the busine...

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 Final Exam (Fall 2023) Questions and Answers

UGBA 135 Final Exam With 100% Correct Answers 2023

UGBA 135 Final Exam (Fall 2023) Questions And Answers.

UGBA 135 Final Exam Questions and Answers 2023 Complete What is "good debt"? Taking out loans in order to pay off a car, a mortgage or an education or starting a business What is considered "bad debt"? - Borrowing money to support a lifestyle of living beyond one's means What is the definition of a Modern Day Millionaire? - Financially independent, no government assistance, living the life they want to lead What is a credit card? - An unsecured line of credit - based on good fait...

UGBA 135 FINAL Exam With 100% Correct Answers 2023

UGBA 135 Final Exam 2023 Questions and Answers 100% Verified;These are acual quiz What is the biggest problem facing us in the future? Longevity, not retirement Where is the burden of saving and investing for retirement and health care shifting? From employer to employee What percentage of households have income of more than $113,000? 10% What percentage of households earn $160,000? 5% What is a common trait of millionaires? The ability to communicate and sell their ideas Where can ...