Which of the Following Financial Goals Is Most Useful for Developing

question 19

Multiple Choice

Which of the following financial goals is most useful for developing a financial plan?

• A) Make a $12,000 down payment on an automobile in 4 years.
• B) Retire with a comfortable lifestyle in 25 years.
• C) Buy a $125,000 house.
• D) Purchase a $40,000 boat.
• E) Join the county club upon retirement in 20 years.

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Definitions:

Unemployed Category

A classification for individuals who are capable of working but are not currently employed and are actively seeking employment.

Bureau of Labor Statistics

A U.S. government agency that collects, processes, analyzes, and disseminates essential statistical data on labor market activity, working conditions, and price changes in the economy.

Adult Population

The adult population includes all individuals in a specified area or country who are considered legally adults, often aged 18 and over.

Employed Category

A classification for individuals who are currently holding a job or are in employment.