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mamaluj [8]
3 years ago
9

1. Accounts in non-depository institutions are almost always insured by the government. [x]True False 2. All financial instituti

ons are equally safe and beneficial to use. True [x]False 3. Financial experts recommend that you compare at least several different financial institutions in your area and find the one that best meets your needs. [x]True False 4.Personal financial planning is the process of creating and achieving financial goals. [x]True False 5. Shared decision-making is always a positive strategy to take. True [x]False
Business
1 answer:
Darina [25.2K]3 years ago
6 0
The right answer for the question that is being asked and shown above is that:

"FALSE." <span>Accounts in non-depository institutions are almost always insured by the government. 
</span>"FALSE." All financial institutions are equally safe and <span>beneficial to use.
"TRUE." </span><span> Financial experts recommend that you compare at least several different financial institutions in your area and find the one that best meets your needs.
"TRUE." </span><span>Personal financial planning is the process of creating and achieving financial goals
"FALSE." </span><span>Shared decision-making is always a positive strategy to take</span>
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Shelley wants to cash in her winning lottery ticket. She can either receive sixteen $100,000 semiannual payments starting today,
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Answer:

$1,256,000

Explanation:

Data provided in the question:

Number of semiannual payments received = 16

Amount of each payment = $100,000

Annual interest rate = 6%

Thus,

Semiannual interest rate = \frac{6\%}{2} = 3% = 0.03

Now,

Payment = Amount × \frac{(1-(1+i)^{-n})}{i}

or

Payment = $100,000 × \frac{(1-(1+0.03)^{-16})}{0.03}

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3 years ago
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Answer:

The answer is: Assigning accounts receivables as collateral for a bank is not a asset transfer.

Explanation:

Even as the bank offers Sun Inc. with a factoring limit, the accounts receivables are still in the firm's accounting book. The firm has the obligations to go after their debtors for collections. The account receivables are transferred to creditors when a company becomes defaulted or bankrupted.

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3 years ago
qzuilet which of the following best describes upics? a. upics are federally funded. b. upics are paid by grant monies. c. upics
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