Unit 1 Assignment Personal Finance Unit 1 Assignment, Chapters 1,2,3,4,5 on February 25 C o p y ri g h t © 2 0 1 6 b y M c G ra w -H il l E d

Click here to Order a Custom answer to this Question from our writers. It’s fast and plagiarism-free.

 Unit 1 Assignment, Chapters 1,2,3,4,5 on February 25 

C
o
p
y
ri

g
h
t

©
2

0
1
6
b

y
M

c
G

ra
w

-H
il

l
E

d
u
c
a
ti

o
n

C
o
p
y
ri

g
h
t

©
2

0
1
6
b

y
M

c
G

ra
w

-H
il

l
E

d
u
c
a
ti

o
n

http://bit.ly/LS4Apple http://bit.ly/LS4Droid

> AVAILABLE
ON-THE-GO

More than 60%
of all students agreed
LearnSmart was a
very or extremely
helpful learning tool

*Based on 750,000 student survey responses

Over 20%
more students
pass the class
with LearnSmart
*A&P Research Study

Without LearnSmart

4.7%

4.5%

A
30.5%

A
19.3%

B
38.6%

C
28.0%

D
9.6%

B
33.5%

C
22.6%

D
8.7%

Without LearnSmart Pass Rate – 57%

Pass Rate – 70%

LEARNSMART ADVANTAGE WORKS

Jan – Dec 2011 Jan – Mar 2012

– Extremely

– Very

– Moderately

– Slightly

– Not at all
Jan–Dec 2011 Jan–Mar 2012

100% –

80% –

60% –

40% –

20% –

0 –

More C students

earn B’s
*Study: 690 students / 6 institutions

kap61744_fm_i-001.indd ikap61744_fm_i-001.indd i 12/4/14 7:41 PM12/4/14 7:41 PM

Final PDF to printer

C
o
p
y
ri

g
h
t

©
2

0
1
6
b

y
M

c
G

ra
w

-H
il

l
E

d
u
c
a
ti

o
n

COMPARE AND CHOOSE WHAT’S RIGHT FOR YOU

BOOK LEARNSMART ASSIGNMENTS

Looseleaf

Bound Book

Access Code

Access Code

eBook
Save some green and some trees!

Check with your instructor about

a custom option for your course.

The smartest way to get from

a B to an A.

The first and only book that

adapts to you!

The #1 student choice!

Pop the pages into your own

binder or carry just the pages

you need.

LearnSmart, assignments, and

SmartBook—all in one digital

product for maximum savings!

> Buy directly from the source at http://shop.mheducation.com.

How do you rank against your peers?

Let’s see how confident
you are on the questions.

What you know (green) and
what you still need to review
(yellow), based on your answers.

kap61744_fm_i-001.indd iikap61744_fm_i-001.indd ii 12/4/14 7:41 PM12/4/14 7:41 PM

Final PDF to printer

C
o
p
y
ri

g
h
t

©
2

0
1
6
b

y
M

c
G

ra
w

-H
il

l
E

d
u
c
a
ti

o
n

Focus on Personal Finance
An Active Approach to Help You Achieve Financial Literacy

FIFTH EDITION

kap61744_fm_i-001.indd iiikap61744_fm_i-001.indd iii 12/4/14 7:41 PM12/4/14 7:41 PM

Final PDF to printer

iv

C
o
p
y
ri

g
h
t

©
2

0
1
6
b

y
M

c
G

ra
w

-H
il

l
E

d
u
c
a
ti

o
n

The McGraw-Hill/Irwin Series in Finance, Insurance, and Real Estate
Stephen A. Ross,

Franco Modigliani Professor of Finance and Economics, Sloan School of Management,

Massachusetts Institute of Technology, Consulting Editor

FINANCIAL MANAGEMENT

Block, Hirt , and Danielsen
Foundations of Financial Management
Fifteenth Edition

Brealey, Myers , and Allen
Principles of Corporate Finance
Eleventh Edition

Brealey, Myers , and Allen
Principles of Corporate Finance, Concise
Second Edition

Brealey, Myers , and Marcus
Fundamentals of Corporate Finance
Eighth Edition

Brooks
FinGame Online 5.0

Bruner
Case Studies in Finance: Managing for
Corporate Value Creation
Seventh Edition

Cornett, Adair , and Nofsinger
Finance: Applications and Theory
Third Edition

Cornett, Adair , and Nofsinger
M: Finance
Third Edition

DeMello
Cases in Finance
Second Edition

Grinblatt (editor)
Stephen A. Ross, Mentor: Influence through
Generations

Grinblatt and Titman
Financial Markets and Corporate Strategy
Second Edition

Higgins
Analysis for Financial Management
Eleventh Edition

Kellison
Theory of Interest
Third Edition

Ross, Westerfield , and Jaffe
Corporate Finance
Tenth Edition

Ross, Westerfield, Jaffe , and Jordan
Corporate Finance: Core Principles and
Applications
Fourth Edition

Ross, Westerfield , and Jordan
Essentials of Corporate Finance
Eighth Edition

Ross, Westerfield , and Jordan
Fundamentals of Corporate Finance
Eleventh Edition

Shefrin
Behavioral Corporate Finance: Decisions that
Create Value
First Edition

White
Financial Analysis with an Electronic Calculator
Sixth Edition

INVESTMENTS

Bodie, Kane , and Marcus
Essentials of Investments
Ninth Edition

Bodie, Kane , and Marcus
Investments
Tenth Edition

Hirt and Block
Fundamentals of Investment Management
Tenth Edition

Jordan, Miller , and Dolvin
Fundamentals of Investments: Valuation and
Management
Seventh Edition

Stewart, Piros , and Heisler
Running Money: Professional Portfolio
Management
First Edition

Sundaram and Das
Derivatives: Principles and Practice
Second Edition

FINANCIAL INSTITUTIONS AND MARKETS

Rose and Hudgins
Bank Management and Financial Services
Ninth Edition

Rose and Marquis
Financial Institutions and Markets
Eleventh Edition

Saunders and Cornett
Financial Institutions Management: A Risk
Management Approach
Eighth Edition

Saunders and Cornett
Financial Markets and Institutions
Sixth Edition

INTERNATIONAL FINANCE

Eun and Resnick
International Financial Management
Seventh Edition

REAL ESTATE

Brueggeman and Fisher
Real Estate Finance and Investments
Fourteenth Edition

Ling and Archer
Real Estate Principles: A Value Approach
Fourth Edition

FINANCIAL PLANNING AND
INSURANCE

Allen, Melone, Rosenbloom , and Mahoney
Retirement Plans: 401(k)s, IRAs, and Other
Deferred Compensation Approaches
Eleventh Edition

Altfest
Personal Financial Planning
First Edition

Harrington and Niehaus
Risk Management and Insurance
Second Edition

Kapoor, Dlabay, Hughes, and Hart
Focus on Personal Finance: An Active Approach
to Help You Achieve Financial Literacy
Fifth Edition

Kapoor, Dlabay , and Hughes
Personal Finance
Eleventh Edition

Walker and Walker
Personal Finance: Building Your Future
First Edition

kap61744_fm_i-001.indd ivkap61744_fm_i-001.indd iv 12/4/14 7:41 PM12/4/14 7:41 PM

Final PDF to printer

C
o
p
y
ri

g
h
t

©
2

0
1
6
b

y
M

c
G

ra
w

-H
il

l
E

d
u
c
a
ti

o
n

Focus on Personal Finance
An Active Approach to Help You Achieve

Financial Literacy

FIFTH EDITION

Jack R. Kapoor
C O L L E G E O F D U P A G E

Les R. Dlabay
L A K E F O R E S T C O L L E G E

Robert J. Hughes
D A L L A S C O U N T Y C O M M U N I T Y C O L L E G E S

Melissa M. Hart
N O R T H C A R O L I N A S T A T E U N I V E R S I T Y

kap61744_fm_i-001.indd vkap61744_fm_i-001.indd v 12/4/14 7:41 PM12/4/14 7:41 PM

Final PDF to printer

C
o
p
y
ri

g
h
t

©
2

0
1
6
b

y
M

c
G

ra
w

-H
il

l
E

d
u
c
a
ti

o
n

FOCUS ON PERSONAL FINANCE: AN ACTIVE APPROACH TO HELP YOU ACHIEVE FINANCIAL

LITERACY, FIFTH EDITION

Published by McGraw-Hill Education, 2 Penn Plaza, New York, NY 10121. Copyright © 2016 by McGraw-Hill

Education. All rights reserved. Printed in the United States of America. Previous editions © 2013, 2010, 2008,

and 2006. No part of this publication may be reproduced or distributed in any form or by any means, or stored

in a database or retrieval system, without the prior written consent of McGraw-Hill Education, including, but

not limited to, in any network or other electronic storage or transmission, or broadcast for distance learning.

Some ancillaries, including electronic and print components, may not be available to customers outside the

United States.

This book is printed on acid-free paper.

1 2 3 4 5 6 7 8 9 0 RMN/RMN 1 0 9 8 7 6 5 4

ISBN 978-0-07-786174-2

MHID 0-07-786174-4

Senior Vice President, Products & Markets: Kurt L. Strand
Vice President, General Manager, Products & Markets: Marty Lange
Vice President, Content Design & Delivery: Kimberly Meriwether David
Managing Director: James Heine
Executive Brand Manager: Charles Synovec
Lead Product Developer: Michele Janicek
Product Developer: Jennifer Upton
Director of Digital Content Development: Doug Ruby
Digital Development Editor: Meg B. Maloney
Marketing Manager: Melissa S. Caughlin
Production Program Manager, Economics and Finance: Mark Christianson
Content Project Managers: Keri Johnson/Kristin Bradley
Senior Buyer: Michael McCormick
Senior Designer: Debra Kubiak
Cover Image: © AJ Wilhelm/Getty
Lead Content Licensing Specialist, Image: Keri Johnson
Lead Content Licensing Specialist, Text: Beth Thole
Compositor: SPi Global
Printer: R. R. Donnelley

All credits appearing on page or at the end of the book are considered to be an extension of the copyright page.

Library of Congress Cataloging-in-Publication Data

Kapoor, Jack R., 1937–

Focus on personal finance : an active approach to help you achieve

financial literacy/Jack R. Kapoor, Les R. Dlabay, Robert J. Hughes, Melissa M. Hart.—Fifth edition.

pages cm

ISBN 978-0-07-786174-2 (alk. paper)

1. Finance, Personal. 2. Investments. I. Dlabay, Les R. II. Hughes, Robert

James, 1946– III. Hart, Melissa M. IV. Title.

HG179.K368 2016

332.024—dc23

2014041672

The Internet addresses listed in the text were accurate at the time of publication. The inclusion of a website does

not indicate an endorsement by the authors or McGraw-Hill Education, and McGraw-Hill Education does not

guarantee the accuracy of the information presented at these sites.

www.mhhe.com

kap61744_fm_i-001.indd vikap61744_fm_i-001.indd vi 12/4/14 7:41 PM12/4/14 7:41 PM

Final PDF to printer

vii

C
o
p
y
ri

g
h
t

©
2

0
1
6
b

y
M

c
G

ra
w

-H
il

l
E

d
u
c
a
ti

o
n

Dedication

To my wife, Theresa, and my children, Karen, Kathryn, and

Dave; and in the memory of my parents, Ram and Sheela

Kapoor

To my wife, Linda, and my children, Carissa and Kyle; and

the memory of my parents, Les and Mary Dlabay

To my mother, Barbara Y. Hughes; and my wife, Peggy

To my husband, David Hart; and my children, Alex and

Madelyn

kap61744_fm_i-001.indd viikap61744_fm_i-001.indd vii 12/4/14 7:41 PM12/4/14 7:41 PM

Final PDF to printer

viii

C
o
p
y
ri

g
h
t

©
2

0
1
6
b

y
M

c
G

ra
w

-H
il

l
E

d
u
c
a
ti

o
n

Focus on . . . the Authors

Jack R. Kapoor, EdD, College of DuPage
Jack Kapoor is a professor of business and economics in the Business and Technology

Division of the College of DuPage, Glen Ellyn, Illinois, where he has taught business and

economics since 1969. He received his BA and MS from San Francisco State College and

his EdD from Northern Illinois University. He previously taught at Illinois Institute of

Technology’s Stuart School of Management, San Francisco State University’s School of

World Business, and other colleges. Professor Kapoor was awarded the Business and Tech-

nology Division’s Outstanding Professor Award for 1999–2000. He served as an assistant

national bank examiner for the U.S. Treasury Department and has been an international

trade consultant to Bolting Manufacturing Co., Ltd., Mumbai, India.

Dr. Kapoor is known internationally as a co-author of several textbooks, including

Business: A Practical Approach (Rand McNally), Business (Cengage Learning), Business
and Personal Finance (Glencoe), and Personal Finance (McGraw-Hill). He served as a
content consultant for the popular national television series The Business File: An Intro-
duction to Business and developed two full-length audio courses in Business and Personal
Finance. He has been quoted in many national newspapers and magazines, including USA
Today, U.S. News & World Report, the Chicago Sun-Times, Crain’s Small Business, the
Chicago Tribune, and other publications.

Dr. Kapoor has traveled around the world and has studied business practices in capital-

ist, socialist, and communist countries.

Les R. Dlabay, EdD, Lake Forest College
Teaching about the “Forgotten Majority” (the three billion people living on $2 or less a

day) is a priority of Les Dlabay, professor of business at Lake Forest College, Lake For-

est, Illinois. He believes our society can improve global business development through

volunteer time, knowledge sharing, and financial donations. In addition to writing several

textbooks, Dr. Dlabay teaches accounting and various international business courses. His

“hobbies” include a collection of cereal packages from over 100 countries and banknotes

from 200 countries, which are used to teach about economic, cultural, and political aspects

of international business environments.

His research involves informal and alternative financial services, microfinance, and

value chain facilitation in base-of-the-pyramid (BoP) market settings. Dlabay has pre-

sented more than 300 workshops and seminars for teachers and community organiza-

tions. He serves on the boards of Bright Hope International ( www.brighthope.org ), which

emphasizes microenterprise development through microfinance programs, and Andean

Aid ( www.andeanaid.org ), which provides tutoring assistance to school-age children in

Colombia and Venezuela. Professor Dlabay has a BS (Accounting) from the University of

Illinois, Chicago; an MBA from DePaul University; and an EdD in Business and Economic

Education from Northern Illinois University. He has twice received the “Great Teacher”

award at Lake Forest College.

kap61744_fm_i-001.indd viiikap61744_fm_i-001.indd viii 12/4/14 7:41 PM12/4/14 7:41 PM

Final PDF to printer

C
o
p
y
ri

g
h
t

©
2

0
1
6
b

y
M

c
G

ra
w

-H
il

l
E

d
u
c
a
ti

o
n

Robert J. Hughes, EdD, Dallas County
Community Colleges
Financial literacy! Only two words, but Bob Hughes, professor of business at Dallas County

Community Colleges, believes that these two words can change your life. Whether you

want to be rich or just manage the money you have, the ability to analyze financial deci-

sions and gather financial information are skills that can always be improved. Dr. Hughes

has taught personal finance, introduction to business, business math, small business man-

agement, small business finance, and accounting for over 35 years. In addition to Focus on
Personal Finance and Personal Finance, published by McGraw-Hill/Irwin, he has authored
college textbooks for Introduction to Business, Business Mathematics, and Small Business

Management. He also served as a content consultant for two popular national television

series, Dollars & Sense: Personal Finance for the 21st Century and It’s Strictly Business,
and he is the lead author for a business math project utilizing computer-assisted instruction

funded by the ALEKS Corporation. He received his BBA from Southern Nazarene Uni-

versity and his MBA and EdD from the University of North Texas. His hobbies include

writing, investing, collecting French antiques, art, and travel.

Melissa M. Hart, CPA North Carolina State University
Melissa Hart is a permanent lecturer in the Poole College of Management at North

Carolina State University. She was inducted into the Academy of Outstanding Teachers

in 2012. She teaches courses in personal finance and corporate finance. She has devel-

oped multiple ways to use technology to introduce real-life situations into the classroom

and the distance education environment. Spreading the word about financial literacy has

always been a passion of hers. It doesn’t stop at the classroom. Each year she shares her

common-sense approach of “No plan is a plan” to various student groups, clubs, high

schools, and outside organizations. She is a member of the North Carolina Association of

Certified Public Accountants (NCACPA) where she serves on the Accounting Education

Committee. She received her BBA from the University of Maryland and an MBA from

North Carolina State University. Prior to obtaining an MBA, she worked eight years in

public accounting in auditing, tax compliance, and consulting. Her hobbies include keep-

ing up with her family’s many extracurricular activities as well as working on various

crafts. She travels extensively with her family to enjoy the many cultures and beauty of the

state, the country, and the world.

Focus on . . . the Authors ix

kap61744_fm_i-001.indd ixkap61744_fm_i-001.indd ix 12/4/14 7:41 PM12/4/14 7:41 PM

Final PDF to printer

x

C
o
p
y
ri

g
h
t

©
2

0
1
6
b

y
M

c
G

ra
w

-H
il

l
E

d
u
c
a
ti

o
n

Question: How important are the financial decisions you make?

Answer: Because financial decisions can
change your life, they are very important. Just

for a moment think about the decisions you

make every day. For example:

• What happens if you run out of money

before your next payday?

• Should you pay cash or use a credit card?

• How much insurance do you need?

• Is this a good investment?

• How much should you save for

retirement?

For most people, the answers to questions like

these affect not only their financial security,

but also their quality of life. And while the answers to these questions are based

on your unique personal situation, this book and accompanying digital study tools

are designed to help you discover the answers to these questions, and many more.

Text (or eBook)
While the new, fifth edition of Focus on Personal Finance does not guarantee that
you will become a millionaire, it does provide the information you need to develop

a plan to achieve financial security. New to this edition is the “3 Steps to Financial

Literacy” feature. Each of the three steps is designed to give you a starting point

to help master the material in each chapter and includes websites and apps to help

you start your personal financial journey. Current content, examples, exhibits, and

box features within each chapter also illustrate how to apply important concepts to

your life. And at the end of each chapter, a chapter summary, discussion questions,

financial problems, and cases help you reinforce important concepts and review

for exams. This edition also includes a new continuing case that illustrates the

financial challenges a young couple experiences as they journey through the ups

and downs of life. Finally “Your Personal Financial Plan” sheets at the end of each

chapter help you build a plan that will enable you to achieve your personal and

financial goals both now and in the future.

Dear Personal Finance Students
and Professors

kap61744_fm_i-001.indd xkap61744_fm_i-001.indd x 12/4/14 7:41 PM12/4/14 7:41 PM

Final PDF to printer

C
o
p
y
ri

g
h
t

©
2

0
1
6
b

y
M

c
G

ra
w

-H
il

l
E

d
u
c
a
ti

o
n

Digital Package
As authors, we recognize the importance of providing quality digital products to

enhance learning. We’re especially proud of our digital study tools that accom-

pany this edition. For example, both the McGraw-Hill Connect™ and LearnSmart

websites contain student learning activities—all designed to help you experience

success. For more information about these digital products, visit the McGraw-Hill

website at www.mheducation.com .

Thank You
We sincerely thank you for your current and past support of Focus on Personal
Finance. We invite you to take a look at this new edition to see how Focus on Per-
sonal Finance can help you create the “right” financial plan to help you achieve
your personal and financial goals. Finally, we encourage you to email us if you

have comments or suggestions about the text or our digital study tools.

Welcome to the new Focus on Personal Finance!

Jack Kapoor
kapoorj@att.net

Les Dlabay
dlabay@lakeforest.edu

Bob Hughes
bhughes@dcccd.edu

Melissa Hart
mmhart@ncsu.edu

Dear Personal Finance Students and Professors xi

kap61744_fm_i-001.indd xikap61744_fm_i-001.indd xi 12/4/14 7:42 PM12/4/14 7:42 PM

Final PDF to printer

xii

C
o
p
y
ri

g
h
t

©
2

0
1
6
b

y
M

c
G

ra
w

-H
il

l
E

d
u
c
a
ti

o
n

New to This Edition

The fifth edition of Focus on Personal Finance contains new and updated boxed features,
exhibits and tables, articles, and end-of-chapter material. The following grid highlights

some of the more significant content revisions made to Focus, 5e.

Global Changes for all chapters
• New chapter opener.

• Action items for each learning objective.

• A revised Your Personal Finance Dashboard feature at the end of each chapter.
• A new Continuing Case feature at the end of each chapter.
• Revised and updated problems.

• Updated websites and apps on all “Your Personal Financial Plan” sheets.

CHAPTER 1

Personal Financial

Planning in Action

• Revised Exhibit 1–1 with expanded financial activities for various life situations.

• New coverage of the role of the financial system for personal financial decisions.

• New Exhibit 1–2 with an overview of the financial intermediaries and markets

that facilitate personal financial decisions.

• Revised Figure It Out! feature on using time value of money for achieving finan-
cial goals comparing formula, table, spreadsheet, and financial calculator methods.

CHAPTER 2

Money Management

Skills

• Revised Exhibit 2–1 with suggestions for storing and organizing financial docu-

ments in various formats.

• New content on storing financial documents “in the cloud.”

• New in-text example for calculating net worth.

• Updated content on selecting a savings technique.

• New From the Pages of Kiplinger’s Personal Finance with suggestions for budget-
ing and tracking your finances.

• New end-of-chapter case to evaluate and recommend actions for a household budget.

CHAPTER 3

Taxes in Your Financial

Plan

• New Caution! feature on IRS scams.

• Updated tax rate schedules (for 2014).

• Updated section: Calculating your Tax.

• Revised Figure It Out! feature: Short-Term and Long-Term Capital Gains.

• Revised Personal Finance in Practice: New tax form exhibits.

• Revised Exhibits 3–3 and 3–4 give updated tax forms.

• Revised Exhibit 3–5, showing tax tables and tax rate schedules.

• Updated electronic filing instructions.

• New coverage: 529 plan tax implications.

• New From the Pages of Kiplinger’s Personal Finance feature on taxes to consider
when traveling.

• Revised content on tax strategies.

• Revised Figure It Out! feature: Tax Credits vs. Tax Deductions.

kap61744_fm_i-001.indd xiikap61744_fm_i-001.indd xii 12/4/14 7:42 PM12/4/14 7:42 PM

Final PDF to printer

C
o
p
y
ri

g
h
t

©
2

0
1
6
b

y
M

c
G

ra
w

-H
il

l
E

d
u
c
a
ti

o
n

New to This Edition xiii

CHAPTER 4

Financial Services:

Savings Plans and

Payment Accounts

• Updated and expanded coverage of online and mobile banking.

• New coverage of the expanded use of and many fees associated with prepaid

debit cards.

• New Exhibit 4–2 provides an overview of mobile banking services.

• Updated coverage of “problematic” financial services such as pawnshops, payday

loan companies, and rent-to-own centers.

• New From the Pages of Kiplinger’s Personal Finance covering techniques for
enhanced saving.

• Updated coverage of various types of certificates of deposit.

• New coverage of peer-to-peer payments, which allows the transfer of money to

another person by e-mail or with a secured website.

• New Digi-Know? with coverage of chip-embedded credit and debit cards to
enhance security and reduce fraud.

CHAPTER 5

Consumer Credit

Advantages,

Disadvantages

Sources, and Costs

• New content in Advantages of Credit section highlighting the benefits that major

credit card issuers provide to their customers.

• New summary of advantages and disadvantages of credit.

• Updated Exhibit 5–2: Volume of Consumer Credit.

• Updated Did You Know? feature in the Credit Card section.

• Updated statistics for stored value cards for 2014.

• Updated Did You Know? feature in the Applying for Credit section.

• New material on credit scores: What is a credit score and what factors are used to

calculate it?

• New Did You Know? feature: What’s in Your FICO Score?

• New material on FICO and VantageScore: the consequences of not maintaining a

sound credit score can be very costly.

• New What Can You Do to Improve Your Credit Score? section and information on

how you can avoid credit-repair scams.

• New From the Pages of Kiplinger’s Personal Finance feature on how to combat
data theft.

• New material in Cosigning a Loan section: Private lenders are placing borrowers

into default and making balance due all at once when the cosigner dies or files for

bankruptcy.

• New material on the Consumer Financial Protection Bureau’s activities in 2014.

• Updated material in the Chapter 7 Bankruptcy section on filing and administrative fees.

• Updated Exhibit 5–10: U.S. Consumer Bankruptcy Filings, 1980–2014.

CHAPTER 6

Consumer Purchasing

Strategies and Wise

Buying of Motor

Vehicles

• New Did You Know? feature that provides money-saving tips and actions to avoid
overspending.

• New Caution! feature warning shoppers about buying fake and counterfeit prod-
ucts that can waste money and be dangerous.

• New From the Pages of Kiplinger’s Personal Finance comparing various sources
of previously-driven vehicles.

• New “Upside Down” example warning consumers to avoid a situation in which

the loan amount owed may exceed the current value of the vehicle.

• Revised text coverage of the consumer complaint process.

kap61744_fm_i-001.indd xiiikap61744_fm_i-001.indd xiii 12/4/14 7:42 PM12/4/14 7:42 PM

Final PDF to printer

C
o
p
y
ri

g
h
t

©
2

0
1
6
b

y
M

c
G

ra
w

-H
il

l
E

d
u
c
a
ti

o
n

xiv New to This Edition

CHAPTER 6

(Cont.)

• New Exhibit 6–6 with detailed information for each step of the consumer com-

plaint process.

• New Did You Know? feature with suggested websites to assist with basic legal
documents.

CHAPTER 7

Selecting and

Financing Housing

• Revised coverage of standard lease forms when renting.

• New From the Pages of Kiplinger’s Personal Finance covering current advice on
renting or buying your housing.

• Updated information on the process for financing a home purchase.

• Revised content on types of mortgages.

• Updated information on common closing costs (Exhibit 7–9).

• Expanded information on actions to take when attempting to lower your property

taxes.

CHAPTER 8

Home and Automobile

Insurance

• Added new material on Superstorm Sandy in the Potential Property Losses section.

• Updated Personal Finance in Practice feature on flood facts.

• New From the Pages of Kiplinger’s Personal Finance feature: “If my home is
damaged by a summer storm, will my insurance cover repairs?”

• New Personal Finance in Practice feature: Are You Covered?

CHAPTER 9

Health and Disability

Income insurance

• New From the Pages of Kiplinger’s Pe

Place your order now for a similar assignment and have exceptional work written by one of our experts, guaranteeing you an A result.

Need an Essay Written?

This sample is available to anyone. If you want a unique paper order it from one of our professional writers.

Get help with your academic paper right away

Quality & Timely Delivery

Free Editing & Plagiarism Check

Security, Privacy & Confidentiality