Questions from Personal Finance

Q: At what age would you like to retire? Describe the type

At what age would you like to retire? Describe the type of lifestyle you envision—where you want to live, whether you want to work part-time, and so on. Discuss the steps you think you should take to...

Q: Noah and Olivia Anderson are a married couple in their early 20s

Noah and Olivia Anderson are a married couple in their early 20s living in Dallas. Noah Anderson earned $73,000 in 2014 from his sales job. During the year, his employer withheld $9,172 for income tax...

Q: Is it possible to bounce a check because of insufficient funds when

Is it possible to bounce a check because of insufficient funds when the checkbook ledger shows a balance available to cover it? Explain what happens when a check bounces. Can you obtain protection aga...

Q: Describe the procedure used to stop payment on a check. Why

Describe the procedure used to stop payment on a check. Why might you wish to initiate this process?

Q: What type of information is found in the monthly bank statement,

What type of information is found in the monthly bank statement, and how is it used? Explain the basic steps involved in reconciling an account.

Q: Briefly describe each of these special types of checks:

Briefly describe each of these special types of checks:

Q: In general, how much of your annual income should you save

In general, how much of your annual income should you save in the form of liquid reserves? What portion of your investment portfolio should you keep in savings and other short-term investment vehicles...

Q: Define and distinguish between the nominal (stated) rate of interest

Define and distinguish between the nominal (stated) rate of interest and the effective rate of interest. Explain why a savings and loan association that pays a nominal rate of 4.5 percent interest, co...

Q: What factors determine the amount of interest you will earn on a

What factors determine the amount of interest you will earn on a deposit account? Which combination provides the best return?

Q: Briefly describe the basic features of each of the following savings vehicles

Briefly describe the basic features of each of the following savings vehicles: (a) CDs, (b) U.S. Treasury bills, (c) Series EE bonds, and (d) I savings bonds.