BUSN380 Week 8 Final Study Guide
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A $100 benefit on which you are taxed is not worth as much as a non-taxable $100 benefit.
Rule of 72 means an annual inflation rate of 4% means prices will double in 18 yrs. (72/4 =18) Re Savings, if you earn 6% your money will double in 12 yrs (72/6 = 12)
Formula to Calculate the Tax-Equivalent Value:
Interest Rate ÷ (1 – Tax Rate) Note on Pg 56
Risks are commonly associated with Personal Financial Decisions
Steps in the Financial Planning Process - BUSN380 Week 1 TCO 1 Notes - Personal Finance Basics & Time value of Money
Importance of a Safe Deposit Box Pg 78 - 79
Borrowing & Lending during High Inflation Pg 14
Taxable Income vs. Tax-Exempt Benefit Pg 105 - 111
The Budgeting Process Pg 86 – 93
The main components of a Personal Balance Sheet & a Cash Flow Statement Pg 94
[Solved] BUSN380 Week 8 Final Study Guide
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