Cashflow & Compounding
Date Started: 08 Aug, 2008
Date Completed: 08 Aug, 2008
Results: 1/10 questions answered correctly.
QUESTION 1: To determine your cashflow position you need to be aware of:
You answered this question INCORRECT
Your answer was Inflation.. The correct answer was: Your income and expenditure.
QUESTION 2: The personal financial statement can be used to:
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Your answer was Write down projections for investment values in the future.. The correct answer was: All of the above.
QUESTION 3: The Financial Lifecycle shows:
You answered this question CORRECT
QUESTION 4: When forecasting future cashflow needs, it is wise to take into consideration:
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Your answer was Fees.. The correct answer was: All of the above.
QUESTION 5: Compounding:
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Your answer was Applies to mortgages but not to superannuation.. The correct answer was: Makes small isolated events become long term trends.
QUESTION 6: If your lifestyle costs are currently $45,000 per annum, assuming an inflation rate of 3% per annum, what would a similar lifestyle cost in 5 years?
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Your answer was $231,750.. The correct answer was: $52,167.
QUESTION 7: You can compound:
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Your answer was Unproductive financial decisions.. The correct answer was: All of the above.
QUESTION 8: If you invested $50,000 for 5 years, and it returned 7% per annum after tax and fees, what is the investment return in year 1 and year 5 to the nearest dollar?
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Your answer was $3,500 and $4,909.. The correct answer was: $3,500 and $4,588.
QUESTION 9: Your primary cashflow sources are:
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Your answer was Superannuation and Shares.. The correct answer was: Employment, self-employment, business and investments.
QUESTION 10: Goal setting is an outcome of:
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Your answer was Seeking improvement of your current situation.. The correct answer was: All of the above.