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

UGBA 135 final PASSED Exam Questions and CORRECT Answers What is the Rule of 72? - Correct Answer- How long it takes to double money at a given interest rate. Divide 72 by the interest rate = how many years it will take your money to double Divide 72 by years to double money = interest needed to earn

UGBA 135 Final Study Questions with 100% Correct Answers | Verified | Latest Update.

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

UGBA 135 Final Exam Questions with correct Answers

UGBA 135 Final Exam Questions and Answers 100% Correct 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 retiremen...

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 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 Questions and Answers -Graded A