To discuss: The role of cash management in personal financial planning process.
An interest rate of financing rate is characterized as the extent of the amount loaned which a lender charges as interest to the mortgagor, typically stated as a yearly rate.
Explanation of Solution
The role of cash management in personal financial planning process is as follows:
In personal financial planning, proficient money management guarantees sufficient funds for both family use and a useful savings program. In the year 2018, the Fed intends to raise interest rates, in this way the rates in the show will probably change.
However, the connection between the elective accounts will remain the equivalent. Moreover it is necessary to comprehend the significance of tracking their deposits and spending from their cash accounts.
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Chapter 4 Solutions
Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
- What is financial planning? What are the methods to be used for financial planning? What is the importance of financial planning?arrow_forwardHow can using personal financial planning tools help you improve your financial position? Please explain and give examples.arrow_forwardPlease give me an information about : cash reciepts, capital investments, loans, interest payment, pre-operating and admin costarrow_forward
- Pfin (with Mindtap, 1 Term Printed Access Card) (...FinanceISBN:9780357033609Author:Randall Billingsley, Lawrence J. Gitman, Michael D. JoehnkPublisher:Cengage LearningEBK CONTEMPORARY FINANCIAL MANAGEMENTFinanceISBN:9781337514835Author:MOYERPublisher:CENGAGE LEARNING - CONSIGNMENT