Questions from Personal Finance


Q: Identify the components of PITI.

Identify the components of PITI.

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Q: Define insurance.

Define insurance.

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Q: Belinda Johnson’s parents and maternal grandmother have combined their finances and presented

Belinda Johnson’s parents and maternal grandmother have combined their finances and presented Harry and Belinda with $50,000 cash gift to use to purchase a home. The Johnsons have sh...

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Q: Julia has always tried to keep her insurance spending under control by

Julia has always tried to keep her insurance spending under control by purchasing low limits on her policies. Now that her assets and income have grown, she is beginning to reconsider the wisdom of th...

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Q: Mark and Kelly Prince of Emmertsburg, Iowa, face a crisis

Mark and Kelly Prince of Emmertsburg, Iowa, face a crisis. Their automobile insurance company has notified them that their current coverage expires in 30 days and will not be renewed. Mark and the Pri...

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Q: Makiko Iwanami, a student from Osaka, Japan, is in

Makiko Iwanami, a student from Osaka, Japan, is in one of your classes. She is considering the purchase of a used car and has been told that she must buy automobile insurance to register the car and o...

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Q: Your friend Taliesha Jackson of Edwardsville, Illinois, recently changed to

Your friend Taliesha Jackson of Edwardsville, Illinois, recently changed to a new job as a CPA in a moderate-size accounting firm. Knowing that you were taking a personal finance course, she asked you...

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Q: Dual-income households often have overlapping health care benefits. For

Dual-income households often have overlapping health care benefits. For example, both Harry and Belinda Johnson’s employers provide partially subsidized family health insurance plans as employee benef...

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Q: Victor Hernandez recently learned that his uncle has Alzheimer’s disease. While

Victor Hernandez recently learned that his uncle has Alzheimer’s disease. While discussing this tragedy with Maria, he realized that both of his grandparents probably had Alzheimer’s or another dement...

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Q: Julia is about to change jobs. Her new employer offers several

Julia is about to change jobs. Her new employer offers several different health care plans including a traditional health care plan, an HMO, a PPO, and a high-deductible plan. Her employer will pay th...

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