Financial Management and Securities Markets Answer the following questions in paragraph, full-sentence format. Define personal finances and...

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Finance

Financial Management and Securities Markets Answer the followingquestions in paragraph, full-sentence format. Define personalfinances and financial planning. Explain the financial planninglife cycle. Identify the three stages of the personal-financesplanning process Discuss the trend in the U.S. savings rate. Definea subprime loan and explain the difference between a fixed-ratemortgage and an adjustable-rate mortgage. Discuss what can go wrongwith a subprime loan at an adjustable rate. Discuss what can gowrong with hundreds of thousands of subprime loans at adjustablerates. Exercise 1: Think of the type of job you’d like to have.Describe the job and indicate how you’d go about getting a joboffer for this type of job. How would you evaluate competing offersfrom two companies? What criteria would you use in selecting theright job for you? Exercise 2: You’re looking forward to taking amonth-long vacation to Australia when you graduate from college intwo years. Create a budget for this trip after researching likelycosts. Determine how much you’ll need for the trip and calculatehow much you’d have to save each month to afford the trip.

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Personal finance It refers to making budget or planning of finance or in other word Personal finance is about meeting personal financial goals whether its having enough for shortterm financial needs planning for retirement or saving for your childs college education It all depends on your income expenses living requirements and individual goals and desiresand coming up with a plan to fulfill those needs within your financial constraints But to make the most of your income and savings its important to become financially literate so you can distinguish between good and bad advice and make savvy decisions Financial Planning It refers to making planning of financials for the company of personal or we can say that Financial Planning is the process of estimating the capital required and determining See Answer

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Financial Management and Securities Markets Answer the followingquestions in paragraph, full-sentence format. Define personalfinances and financial planning. Explain the financial planninglife cycle. Identify the three stages of the personal-financesplanning process Discuss the trend in the U.S. savings rate. Definea subprime loan and explain the difference between a fixed-ratemortgage and an adjustable-rate mortgage. Discuss what can go wrongwith a subprime loan at an adjustable rate. Discuss what can gowrong with hundreds of thousands of subprime loans at adjustablerates. Exercise 1: Think of the type of job you’d like to have.Describe the job and indicate how you’d go about getting a joboffer for this type of job. How would you evaluate competing offersfrom two companies? What criteria would you use in selecting theright job for you? Exercise 2: You’re looking forward to taking amonth-long vacation to Australia when you graduate from college intwo years. Create a budget for this trip after researching likelycosts. Determine how much you’ll need for the trip and calculatehow much you’d have to save each month to afford the trip.