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Department
Finance
Course
FIN 502
Professor
mr.anon
Semester
Summer

Description
Kate contributes $5,000 per year to an RRSP investment earning 3% per annum compounded quarterly. How much is the RRSP worth at the end of 4 years? Answer a.$20,600 b.$20,918 c.$20,929 d.$20,226 Many financial experts recommend a deductible equal to ____ of your net worth. Answer a.0.02 b. 0.03 c.0.05 d.0.04 The lifetime contribution to an RESP for a specific individual is Answer $42,000 $4,000 per year for 21 years $2,000 per year for 21 years $50,000 Some risks cannot be insured, including Answer a.disability, catastrophes and moral hazards b.personal bankruptcy, disability and catastrophes c.moral hazard, personal bankruptcy and disability d.catastrophes, moral hazard and personal bankruptcy Before purchasing a home insurance policy, you must ask yourself which two (2) questions? Answer a.None of the answers included with the question b.What risks will be covered? AND How much will the policy cost? c.How much home insurance do you need? AND How much will the policy save you? d.What risks will be covered? AND How much home insurance do you need? Personal risk management is Answer a. a 5-stage process: identify, evaluate, contr
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