Module 1 Homework-1

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Q Answer each question in your own words/with your own thoughts. You may not use any resource but your brain. All submissions will be checked for plagiarism. 1) Why should you reevaluate your actions after making personal financial decisions? 2) Angelo’s current salary is $210,000. If his company gives annual raises of 3 percent, how much will Angelo make four years from now (you must show your work or list the values you will enter into your financial calculator)?3) What are commonly recommended qualities of a successful budget?

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1.It is important because there are many factors that change our finances such as injury, job loss or child birth. You must be able to change your current budget or financial goals at any moment. 2.Year 1 would be 210,000x3=630,000÷100=6300 so year 1 would be 216,300.00 Year 2 would be 216,3000x3=648,900÷100=6,489.00 so 216,3000 +6489=222,789 Year 3 would be 222,789×3= 668,367÷100=6683.67+222,789=229,472.67

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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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