What is meant by the term financial planning?

Mathematics

1 answer:

Naily [24]2 years ago

8 0

Answer:

a Long-term goals are reached over an extended period of time, so your current income does not affect

them.

Step-by-step explanation:

Financial planning refers to long term goals that are planned and reached over an extended period of time to keep one solvent in cases of emergency without having a direct effect on current income.

Solvency simply means having more assets than liabilities to be able to stay afloat of one's debts.

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Andreas93 [3]

Answer:

7,8,11,12,13,14

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2 years ago

The average cost of tuition, room and board at small private liberal arts colleges is reported to be $8,500 per term, but a fina

Vlada [557]

Answer:

The test statistic for this test is 3.82.

Step-by-step explanation:

The null hypothesis is:

$H_{0} = 8500$

The alternate hypotesis is:

$H_{1} > 8500$

Our test statistic is:

$t = \frac{X - \mu}{\frac{\sigma}{\sqrt{n}}}$

In which X is the sample mean, $\mu$ is the value tested at the null hypothesis, $\sigma$ is the standard deviation of the population and n is the size of the sample.