FIN 200 Personal Financial Planning

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Introduction to the concepts, heuristics and computations required to develop financial projections, plans and budgets that encompass the entire personal finance life cycle. Students learn concepts related to assets, liabilities and net wealth and how to research and estimate future income and expenses taking into consideration taxes, inflation, cost of living adjustments, and career advancement. They learn how to calculate and plan for payment of interest and principle to pay off debts, how to invest in assets (cars, houses, stock, bonds, mutual funds, etc.) and how to calculate appreciation/depreciation in these assets. Students learn how all of these factors contribute to their ability to achieve financial independence and eventually retire.