Questions from Personal Finance


Q: Dawn decides to invest $2,000 each year in stock

Dawn decides to invest $2,000 each year in stock at the end of each of the next five years. She believes she can earn a 9% return over that time period. How much will Dawn’s investment be worth at the...

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Q: Floyd wants to invest the $15,000 he received from

Floyd wants to invest the $15,000 he received from his grandfather’s estate. He wants to use the money to finance his education when he pursues his doctorate in five years. What amount will he have in...

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Q: Morris will start investing $1,500 a year in stocks

Morris will start investing $1,500 a year in stocks. He feels he can average a 12% return. If he follows this plan, how much will he accumulate in 5 years? In 10 years? In 20 years?

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Q: Vera is an 85­year­old widow and retiree from

Vera is an 85­year­old widow and retiree from a large corporation. Her former employer recently changed the health care coverage for retirees to an HMO. Vera is having difficulty with her knees and ha...

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Q: What is a high deductible health plan? How is this type

What is a high deductible health plan? How is this type of plan related to an HSA?

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Q: What is Medigap insurance?

What is Medigap insurance?

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Q: What is the purpose of disability income insurance? Why might younger

What is the purpose of disability income insurance? Why might younger individuals consider purchasing disability insurance?

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Q: The Sampsons have one remaining insurance need: life insurance. They

The Sampsons have one remaining insurance need: life insurance. They have decided to purchase term life insurance. They want a life insurance policy that will provide for the family in the event of Da...

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Q: Dave and Sharon Sampson are assessing the amount of health insurance and

Dave and Sharon Sampson are assessing the amount of health insurance and disability income insurance they have. The Sampsons’ health insurance is provided by a health maintenance organization (HMO)....

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Q: Dave and Sharon Sampson are assessing the amount of health insurance and

Dave and Sharon Sampson are assessing the amount of health insurance and disability income insurance they have. The Sampsons’ health insurance is provided by a health maintenance organization (HMO)....

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