What are savings?   Multiple Choice   Additions or subtractions from debt.   Outlays on household related matters that provide benefit beyond the current year.   The day-to-day financial functions of the household.   Cash flows that come from changes in debt.   None of the choices are correct.

ordinary annuity, annuity due, perpetuity, growing annuity or amortization topics.  Then describe steps involved in calculating it and provide an example using your financial calculator.    there is a difference between EAR and APR when compounding interest.   Describe this difference.  Assume you are a financial investor and have to advise a customer on the difference.   How would you describe the differences to them and what would you advise?

Which will result in a higher net worth? I.    Paying down debt with cash flows. II.   Making regular periodic savings. III.  Acquiring long-term assets with a line of credit. IV.  Purchasing a condo with a mortgage and using funds from the Tax-Free Savings Account (TFSA) for the down payment. IV only II and IV I and II I and III III and IV

is a financial product that allows an individual to lend their money to a bank A and be paid an interest rate for doing so.