1. Which of the following are the steps that make up the financial planning? process?

A. Evaluating your financial health.

B. Implementing your plan.

C. Defining your financial goals.

D. Reviewing your? progress, reevaluating, and revising your plan.

E. Developing a plan of action

2. Assuming zero taxes, calculate the future value of a $1000 lump sum contribution to a savings plan, compounded annually, at the end of:

(a) 1 year, using a 5% rate of return;

(b) 1 year, using a 10% rate of return;

(c) 5 years, using a 5% rate of return;

(d) 5 years, using a 10% rate of return;

(e) 20 years, using a 20% rate of return.