- Budgeting
- Cash Management
- Introduction
- Realize the Importance of Good Cash Management in Achieving Your Goals
- Understand the Different Cash Management Alternatives and How to Compare Them
- Know the Different Types of Financial Institutions
- Understand the Time Commitment Necessary for You to Effectively Manage Your Finances
- Summary
- Assignments
- Consumer and Mortgage Loans
- Debt and Debt Reduction
- Time Value of Money 1: Present and Future Value
- Time Value of Money 2: Inflation, Real Returns, Annuities, and Amortized Loans
- Insurance 1: Basics
- Insurance 2: Life Insurance
- Insurance 3: Health, Long-term Care, and Disability Insurance
- Insurance 4: Auto, Homeowners, and Liability Insurance
- The Home Decision
- The Auto Decision
- Family 1: Money and Marriage
- Family 2: Teaching Children Financial Responsibility
- Family 3: Financing Children’s Education and Missions
- Investments A: Key Lessons of Investing
- Investments B: Key Lessons of Investing
Case Study #1 Answers
Calculations:
(After-tax return = taxable return * (1- tax rate))
Bill CB: 6.50% * (1 - (.15 + .07)) = 5.07% MB: 4.75% * (1 - .07) = 4.42% TB: 5.00% * (1 - .15) = 4.25% Suzie CB: 6.5% * (1 - (.35 + .07)) = 3.77% MB: 4.75% * (1 - .07) = 4.42% TB: 5.0 * (1 - .35) = 3.25%
Recommendations:
The corporate bond is the best for Bill.
The municipal bond is the best for Suzie.
