Download Personal Finance (5th Edition) by Jeff Madura PDF

By Jeff Madura

ISBN-10: 0132994348

ISBN-13: 9780132994347

Note: this can be retail, yet I didn't eliminate the DRM myself, so i will not mark it as such.

Directed basically towards undergraduate finance majors, this article additionally presents useful content material to present and aspiring pros, or an individual attracted to studying tips on how to deal with their own finances.

Personal Finance takes a hands-on method of construction a financial statement. The text’s seven elements every one hide one portion of a financial statement; bankruptcy 21 is the capstone. A operating instance during the e-book and numerous end-of-chapter situations strengthen the sensible points of making plans.

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Extra resources for Personal Finance (5th Edition)

Example text

His credit card (with a $35 annual fee and ing advantage of his employer’s retirement match; his employer will match retirement 18% interest rate) is nearing its credit limit of $10,000. He is reluctant to sell his stocks plan contributions up to $300 per month. Factoring in the employer match, Brad could to get cash to pay off part of the credit balance; he thinks they could double in value have a possible total annual retirement contribution of $7,200. over the next five years. Brad also unveils his plans to provide for his two nephews’ college in the event of his Brad is questioning whether to pay off his credit card.

InflowsThe and cash outflows. hold assets. market value of an asset is the amount you would receive if you sold the asset today. For example,Cash if you Inflows purchased a car last year for $20,000, the car may have a market value of $14,000 today, meaning that you could sell it to someone else for personal balance sheet The main source of cash inflows for working people is by theirExample salary, but there can be other Explanation $14,000. The market valuesOrders of cars can easily be obtained various the can generate cash A summary of your assets important sources of income.

Higher; lower d. none of the above 5. When the Federal Reserve wishes to _______ interest rates, it _______ the amount of funds at commercial banks. a. reduce; reduces b. increase; increases c. reduce; increases d. Answers (a) and (b) are correct. 6. A _______offered by a depository institution specifies a minimum amount that must be invested, a maturity date on which the deposit matures, and an annualized interest rate. a. NOW account b. money market deposit account c. certificate of deposit d.

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