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9781465242358
Personal Finance: An Interactive Applications Approach / Edition 2 available in Other Format
Personal Finance: An Interactive Applications Approach / Edition 2
by Dan French, Megan Heffernon
Dan French
- ISBN-10:
- 146524235X
- ISBN-13:
- 9781465242358
- Pub. Date:
- 03/19/2014
- Publisher:
- Kendall/Hunt Publishing Company
- ISBN-10:
- 146524235X
- ISBN-13:
- 9781465242358
- Pub. Date:
- 03/19/2014
- Publisher:
- Kendall/Hunt Publishing Company
Personal Finance: An Interactive Applications Approach / Edition 2
by Dan French, Megan Heffernon
Dan French
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Overview
Most individuals dream of financial independence, the ability to live the lifestyle of their choice. Personal financial planning is a critical step to efficiently obtaining that goal. The new second edition of Personal Finance: An Interactive Applications Approach provides an easy to understand explanation of the key concepts, with examples for applying those concepts to financial decisions.Personal Finance makes it personal through activities designed to help students create their own financial plan by answering thought provoking questions. These questions allow students to incorporate their own personal, moral, spiritual, and political values into their financial plan. Completely updated to reflect the latest statistics and research, Personal Finance:
- Provides budgeting tips for readers to stretch their dollars or increase their earnings.
- Includes case studies on how individuals deal with finances. Case studies depict a new college student and new college graduate through major life events such as purchasing a home, financial planning, and more.
- An entire chapter dedicated to housing and decision-making. Readers must help a new college student and new college graduate to qualify for and select an appropriate mortgage; then select a home to purchase that fits both their budget and lifestyle.
- Includes access to Stock-Trak, a virtual stock market simulator.
- Features an Enhanced Online Learning Package designed for students and instructors. Seamlessly integrated within the book's pedagogy, it includes videos, PowerPoint presentations, interactive exercises, test questions, solutions, and more.
Product Details
ISBN-13: | 9781465242358 |
---|---|
Publisher: | Kendall/Hunt Publishing Company |
Publication date: | 03/19/2014 |
Edition description: | New Edition |
Pages: | 1 |
Product dimensions: | (w) x (h) x 2.95(d) |
Table of Contents
Chapter 1 The Value of Money Objectives Key Terms Interest, Rate of Return, and Inflation Interest Calculations Calculating Interest for Less Than One Year Compound Interest Calculations Simplifying the Task of Computing Compound Interest Time Value of Money Equations Time Value of Money Conventions Calculating Time Value of Money Future Value of a Single Deposit How to Use Financial Tables Compound Interest Tables Solution Present Value of a Single Deposit Future Value of a Series of Deposits (an Annuity) Present Value of a Series of Payments (an Annuity) Solutions with Excel Problems Solved in Excel Why Does Money Have a Time Value? The Opportunity Cost of Money Risks of Holding (or Not Holding) Money Summary Problems Additional Help Review QuestionsChapter 2 Financial Planning Overview Objectives Key Terms Record Keeping Creating a Financial Plan Step 1: Create a List of Financial Goals Step 2: Determine Your Current Financial Position Step 3: Create a Budget Step 4: Selecting the Right Savings Vehicle Step 5: Measure the Performance of the Plan Step 6: Make Changes and Adjustments to the Plan Summary Problems Case Studies Review QuestionsChapter 3 Housing Objectives Key Terms Renting a Home The Lease Agreement Advantages and Drawbacks of Renting Home Ownership Pros and Cons of Home Ownership How to Buy a Home Financing a Home Mortgage Interest Rates Loan Maturity Mortgage Payments Preapproval Versus Prequalified Lender Fees Third Party Fees Pre-Paid Items Miscellaneous Fees Summary Problems Case Studies Review QuestionsChapter 4 Manage Your Credit Objectives Key Terms Credit Consumer Loans Computing Loan Payments and Amortization Revolving Credit Credit Card Basics How to Properly Use Credit Cards Dealing with Credit Card Debt Home Equity Loans APR Versus Interest Rate The Loan Contract Insurance Agreement Clause Sources for Consumer Loans FICO Score Summary Problems Case Studies Review QuestionsChapter 5 Spending Wisely Objectives Key Terms In the Grocery Store Brands Price Label Information Household Services Television Providers Internet Service Providers Telephone Service Bundling Appliances Buying a Vehicle Choose the Right Car Decide If You Want to Trade in a Car Select the Best Way to Finance a Car Negotiate the Price of the Car Warranties Written Warranties Implied Warranties Service Contracts Summary Problems Case Studies Review QuestionsChapter 6 Tax Planning Objectives Key Terms Tax Overview Social Security and Medicare Taxes Non-Income-Based Taxes Sales Taxes Personal Property and Real Estate Taxes Excise Taxes Gift and Estate Taxes Income Taxes Personal Income Taxes Federal Income Taxes Income Other Types of Income A Comprehensive Income-Based Tax Example Tax Planning Strategy Simplified Tax Forms Summary Problems Case Studies Review QuestionsChapter 7 Property and Casualty Insurance Objectives Key Terms Why People Buy Insurance Property and Casualty Insurance Automobile Insurance Types of Automobile Insurance Coverage No-Fault Insurance Factors That Influence Your Auto Insurance Premium Types of Coverage and Amounts Deductibles Type of Car Personal Characteristics Driving Record Location Discounts Insurance Claims Homeowners’ and Renters’ Insurance Types of Homeowners’ Insurance Policies Provisions in Homeowners’ Insurance Policies Homeowners’ Insurance Premiums Factors Affecting a Homeowners’ Insurance Policy Summary Problems Case Studies Review QuestionsChapter 8 Health and Disability Insurance Objectives Key Terms Health Insurance Private Health Insurance Medical Insurance Health Coverage under the Affordable Health Care Act Changes Instituted by the Act Medical Insurance and the Health Insurance Marketplace Ways to Save Money on Health Insurance High-Deductible Insurance Flexible Spending Accounts Health Savings Accounts Insurance Continuity Government Medical Insurance Medicaid Medicare Disability Insurance Characteristics of Disability Insurance Definition of Disability Sources of Disability Insurance Summary Problems Case Studies Review QuestionsChapter 9 Life Insurance Objectives Key Terms Life Insurance Who Needs Life Insurance? Life Insurers Buy Direct or from a Sales Representative How Much Life Insurance Coverage to Buy Income Method Budget Method Forms of Life Insurance Term Life Insurance Permanent Life Insurance Permanent Life Versus Term Life Variations of Whole Life Insurance Accidental Death Insurance Ways of Receiving a Life Insurance Settlement Lump-Sum Distribution Installment Payments Summary Problems Case Studies Review QuestionsChapter 10 Entrepreneurship Objectives Key Terms The Entrepreneurial Spirit Passionate Persistent Adventurous and Positive Self-Aware, Focused, and Flexible Honest Be the Entrepreneur of Your Life Business Plans Executive Summary Description Marketing Competition Development Management Finances Corporate World Lifestyle Passions Career Testing Resumes and Cover Letters Resumes Cover Letters Sponsorships Summary Case Studies Review QuestionsChapter 11 Investing Objectives Key Terms Saving and Successful Investment Vehicles for Saving and Investing Investing Through Financial Institutions Investing Directly in a Business or Other Investment Your Investment Program Investment Advisors and Your Investment Program Setting Goals Identifying Strategies Implementing Strategies Monitoring Progress Factors That Influence Your Investment Program Risk Expected Return The Tradeoff between Risk and Return Investment Decisions Asset Allocation Investment Selection Managing Cash The Need to Hold Cash Earning a Return on Cash Summary Problems Case Studies Review QuestionsChapter 12 Stocks Objectives Key Terms Investing in Marketable Securities Stocks Markets for Securities Primary and Secondary Markets Are Markets Important? Stock Exchanges NASDAQ OMX OTC Markets Group Market Indexes Buying Securities Services of Brokerage Firms Placing an Order to Buy or Sell Securities Buying Stocks of Foreign Companies Through ADRs Investing in Stocks Investment Analysis Investment Information Financial Statements Analyzing Stocks Stock Screening Estimating a Stock’s Value Summary Problems Case Studies Review QuestionsChapter 13 Bonds Objectives Key Terms Investing in Bonds Government Bonds Municipal Bonds Corporate Bonds Valuing Bonds Investing in Preferred Stock Summary Problems Case Studies Review QuestionsChapter 14 Mutual Funds Objectives Key Terms Managing Investment Risk Sources of Risk How Do Investors View Risk? Measuring Risk of an Individual Investment Diversification Beta—Another Way to Measure Risk Investment Companies and Mutual Funds Types of Investment Companies Benefits of Mutual Funds for Individual Investors Taxation of Investment Companies Investment Objectives of Mutual Funds Regulation of Investing Securities Exchange Act (1934) Investment Company Act (1940) Investment Advisors Act (1940) Securities Investor Protection Act (1970) The Sarbanes-Oxley Act (2002) Summary Problems Case Studies Review QuestionsChapter 15 Real Estate Objectives Key Terms Historical Real Estate Returns Investing in Real Estate Property Rights Property Ownership Represents Income Potential Property Values Benefits of Investing in Real Estate Risks of Investing in Real Estate Real Estate Investment for Individuals Investment in a Home Real Estate Stocks Real Estate Operating Companies Investing in Local Rental Property Summary Problems Case Studies Review QuestionsChapter 16 Retirement Planning Objectives Key Terms Starting Early with Retirement Planning Federal Government Retirement Programs Social Security Railroad Retirement Employer-Sponsored Retirement Programs Defined Benefit Plans Defined Contribution Plans 401(k) Plan Individual Retirement Accounts (IRAs) Traditional IRA Roth IRA Retirement Accounts for Self-Employed Individuals Keogh Plan Simplified Employee Pension Plan (SEP) Retirement Planning: Investment Choices Key Phases of the Financial Life Cycle Investment Decisions during a Lifetime Life Cycle Investing Selecting an Asset Allocation Using Life Cycle Mutual Funds Estimating Retirement Fund Values Calculating Your Retirement Fund Needs Computing the Future Value of Investments Summary Problems Case Studies Review QuestionsChapter 17 Estate Planning Objectives Key Terms Wills Who Needs Estate Planning? Estate Planning Overview Create a Legal Will Valuing the Estate Minimizing Estate Taxes Computing the Estate Tax Other Aspects of Estate Planning Location of Important Documents Living Will Power of Attorney Summary Problems Case Studies Review QuestionsFrom the B&N Reads Blog
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