Ugba 135 final 2023 - Study guides, Class notes & Summaries

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 Questions With Correct Answers 2023 (Gradec 100%) Most important aspect of a credit score is paying on time all the time 12. Names of 3 main credit agencies: Experian, Equifax, TransUnion 13. Variable vs. go-to rate of interest a. Variable: interest rate that moves up and down based upon a benchmark not controlled by the lender b. Go-to: interest rate charged on unpaid credit card balances in addition to the variable rate, determines total interest rate 14. What is a ...

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 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 ...

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 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 ...

UGBA 135 FINAL EXAM WITH COMPLETE SOLUTION. What's the rule of 72? - answerHow 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? - answerA 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...

UGBA 135 Final Exam Questions With Correct Answers 2023 | 2024. Rule of 72: 72/interest rate = time it takes to double wealth 2. What is compounding: interest on interest 3. Cornerstone of wealth is being frugal 4. Before you start saving money, you should: a. attack high interest debt like credit cards b. Do everything you can to maximize employer 401k match 5. You always need consideration with a contract a. All blanks filled in with signatures and dates 6. Difference between revenue/...