Multiple Cholce Questlon The three steps in the financial planning process are to forecast the firm's short- and long-term needs, develop budgets, and prepare financial statements maximize retained earnings establish financial controls

"In addition, she said banks operating in Africa need to have a more end-to-end approach to risk management, considering bankability at all stages." As a followe up to Question 1 above and in addition to the solutions recommended in the anticle, recornmend how Southern African financial institutions can improve their risk management strategy.

Phil is shopping for an annuity that guarantees he CANNOT outlive the benefits. Which of these benefit options would he choose?Accelerated lifetime benefitGuaranteed lifetime withdrawal benefitRight of income riderGuaranteed minimum accumulation benefit

Suppose you want to have \( \$ 700,000 \) for retirement in 25 years. Your account earns \( 4 \% \) interest. a) How much would you need to deposit in the account each month? b) How much interest will you earn?

(b) A dealer purchased some goods marked at ₹ 2,000 at a discount of \( 20 \% \) and \( 5 \% \). He sells the same at a discount of \( 15 \% \) and \( 5 \% \). Find the amount of gain or loss to him.

I would arrange what I said earlier, I would purchase a budgetting book and every paycheck I would put to the side until I re need to open that budgetting book. I would use green for food, i would use red for shopping. I would use pink for rent and I would orange for other neccessitie that I would want to have. The most expenses I would use would probably be food and rent because those are the most important.