Directions: Identify and explain two short-term goals that you could set today that would help you achieve the long-term goal identified. 1. Long-term goal: Start your own business. A short-lerm goal that would help achieve this would be to. Another short-term goal that would help achieve this would be to. 2. Long-term goal: Buy a house. A short-term goal that would help achieve this would be to. Another short-term goal that would help achieve this would be to. 3. Long-term goal: Retire before the age of 60. A short-term goal that would help achieve this would be to. Another short-term goal that would help achieve this would be to.

o Describe in detail how you are financing your college education. Include sources like scholarships, loans, family contributions, part- time jobs, savings, grants, etc. o How did you secure these financial resources? What challenges did you face in the process?

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For the next problem, I am going to explain a scenario and you need to state True OR False. You will then need a written rationale explaining your choice. Be sure to be specific in rationalizing your answer. You must use your own words. It is a good idea to provide a solved example to reinforce your point. To receive full credit, be sure to give a thorough explanation of why this statement is true or false (approximately 50 words). Michael decided that investing at a higher interest rate for 7 years is a better choice for his $7,500 investment (he got for his birthday). The company he chose offered 3.5% monthly, and the other company offered 3.425% continuously. Michael chose the better option! You will need to submit your work on this problem, giving a detailed explanation of WHY and how much more the better option will produce. O True O False