WGU D363
PREASSESMENT
QUESTIONS WITH
100% COMPLETE
ANSWERS, ALREADY
GRADED A+
Evatee 8/10/24 WGU D363
,WGU D363 PREASSESMENT QUESTIONS
WITH 100% COMPLETE ANSWERS, ALREADY
GRADED A+
An individual wants to build up an emergency fund in a savings account.
Monthly expenses for this individual total $4,000 per month, while monthly
income is $5,000.
How much can be saved if the individual wants to build up two months' worth
of income savings?
A) $1,000
B) $2,000
C) $4,000
D) $5,000 Answer - B) $2,000
An individual wants to make a large purchase that will take two years to pay off.
The individual owns a home, earns an income of $75,000, and has no other
debt aside from a $900 mortgage payment with five years left at 3%. The
individual will retire within one year and will be required to take minimum
distributions from a traditional retirement account.
Which financing option is appropriate for this individual's financing objective?
A) A one-time credit card purchase
, B) A home equity line of credit
C) An early distribution from retirement accounts
D) A consumer finance company loan Answer - B) A home equity line of credit
An individual's net earnings are $60,000 per year, with living expenses for
housing, food, and transportation amounting to $3,200 per month. The
individual wants to save $30,000 for a home down payment and plans to travel
once a year, with the trip costing $3,000.
How long until the individual can fund both goals for the same year if income
and expenses stay consistent?
A) 1 year and 8 months
B) 2 years and 9 months
C) 3 years and 2 months
D) 3 years and 4 months Answer - A) 1 year and 8 months
A cost-sensitive individual utilizes an advisory firm for financial planning and
investment management with a conservative risk profile. The client pays
$1,000 per year for a financial plan and $100 per year in investment product
expenses.
Which possible outcome can complicate this individual's expectations based on
the risk profile and needs?
A) Firm's allocation projecting a short investment time horizon
B) Firm recommendations not meeting investment risk appetite
C) Firm's fees exceeding overall investment returns
PREASSESMENT
QUESTIONS WITH
100% COMPLETE
ANSWERS, ALREADY
GRADED A+
Evatee 8/10/24 WGU D363
,WGU D363 PREASSESMENT QUESTIONS
WITH 100% COMPLETE ANSWERS, ALREADY
GRADED A+
An individual wants to build up an emergency fund in a savings account.
Monthly expenses for this individual total $4,000 per month, while monthly
income is $5,000.
How much can be saved if the individual wants to build up two months' worth
of income savings?
A) $1,000
B) $2,000
C) $4,000
D) $5,000 Answer - B) $2,000
An individual wants to make a large purchase that will take two years to pay off.
The individual owns a home, earns an income of $75,000, and has no other
debt aside from a $900 mortgage payment with five years left at 3%. The
individual will retire within one year and will be required to take minimum
distributions from a traditional retirement account.
Which financing option is appropriate for this individual's financing objective?
A) A one-time credit card purchase
, B) A home equity line of credit
C) An early distribution from retirement accounts
D) A consumer finance company loan Answer - B) A home equity line of credit
An individual's net earnings are $60,000 per year, with living expenses for
housing, food, and transportation amounting to $3,200 per month. The
individual wants to save $30,000 for a home down payment and plans to travel
once a year, with the trip costing $3,000.
How long until the individual can fund both goals for the same year if income
and expenses stay consistent?
A) 1 year and 8 months
B) 2 years and 9 months
C) 3 years and 2 months
D) 3 years and 4 months Answer - A) 1 year and 8 months
A cost-sensitive individual utilizes an advisory firm for financial planning and
investment management with a conservative risk profile. The client pays
$1,000 per year for a financial plan and $100 per year in investment product
expenses.
Which possible outcome can complicate this individual's expectations based on
the risk profile and needs?
A) Firm's allocation projecting a short investment time horizon
B) Firm recommendations not meeting investment risk appetite
C) Firm's fees exceeding overall investment returns
