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What are the 5 tips on taking control of finances

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Reference no: EM132897477

Question 1. What are the 5 tips on taking control of your finances?

Question 2. Suppose you invested $45,000 in a fund that paid 8% interest per year. How much is your investment worth in 10 years? 1 mark for the formula and 3 marks for the answer. Question 3. In her video, Elder Rose Bird told a story about envelopes. Very briefly explain what that story was about and what financial concept was she referring to. One or two sentences will be enough for full marks.

Question 4. Recall the case, Pocket EOX. Lets say the variable costs were $10.00 per unit and fixed costs were $180,000 for the year. Sean decides to sell his product for $20.00 each. How many units would he have to sell to break even? (1 mark for formula and 3 for answer)

Reference no: EM132897477

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