Description

1. Time Value of Money
   Darlene needs an investment that will generate income of $300 at the end of year 1, $300 at the end of year 2, $500 at the end of year 3, $600 at the end of year 4, and $1,200 at the end of year 5.  How much should Darlene pay for this investment if she can earn 6 percent on his investment? How does your answer change if she can only obtain an interest rate of 2.45%?
2.  Financial Planning
   For each of the following categories of information required for a comprehensive financial plan, describe in your own words the information that must be gathered:
   Retirement Planning
   Estate Planning
   Risk Management
   Employee Benefits
   Family Planning
   Educational Planning
3. Personal vs. Corporate
   What are the similarities and differences between household and business financial processes for each of the following?
   Income
   Expenses
   Cash flows after maintenance expenses
   Additions to investments
   Leisure outlays
   Use descriptive headings and subheadings to organize your writing, rather than numbering the paragraphs. This is very important so that I understand which questions you are addressing.  Properly document your writing according to APA style, using in-text citations and a reference list. Use at least one additional reference beyond the course text book.W