Discover Your Investment Needs

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Questions and Answers

Match the following steps in the investment process with their descriptions:

Understanding your investment needs = Step 1 in the investment process Calculating time in years = If your original timeline T is in days then N = T/365, if it is in months then N = T/12, if in years then T = N Determining financial goal = The desired monetary outcome of the investment Calculating investable money = The amount of money available for investing at the moment

Match the variables in the investment process with their meanings:

Amt* 1 = The amount of money needed to reach the goal T = The time to meet the goal in days/months/years Amt* 2 = The investable money available at the moment N = The time to meet the goal in years

Match the following equations with their descriptions:

$N = T/365$ = Calculating time in years if original timeline is in days $N = T/12$ = Calculating time in years if original timeline is in months $T = N$ = Calculating time in years if original timeline is in years Amt* 3 = More investable money that can be saved during the time frame

Match the following investment steps with their order in the process:

<p>Understanding your investment needs = Step 1 Determining financial goal = Step 2 Calculating investable money = Step 3 Calculating time to meet goal = Step 4</p> Signup and view all the answers

Match the following terms with their descriptions:

<p>Investable money = The money available for investing at the moment Financial goal = The desired monetary outcome of the investment Time to meet the goal = The time frame in which the goal should be achieved More investable money = Additional money that can be saved and invested during the time frame</p> Signup and view all the answers

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