Personal Finance
Personal Finance
7th Edition
ISBN: 9780134989969
Author: Madura, Jeff
Publisher: Pearson,
Question
Chapter 21, Problem 1RQ
Summary Introduction

To discuss: The reason why it is necessary to integrate the parts of the financial plan.

Expert Solution & Answer
Check Mark

Explanation of Solution

The decision on financial events is based on all the components of the financial plan so decision made on one component might affect the other components. It might affect the wealth and also the cash flow.

For this reason, it is very important to integrate the parts of the financial plan.

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