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Short & Long Term

QuestionAnswer
Short term goal takes less than a year to achieve
Long term goal takes more than a year to achieve
Need must have to survive
Want must not have to survive
Example of a short term goal buying a cellphone
Example of a long term goal paying for college
Example of a need paying rent or a mortgage
Example of a want going on vacation
Short term goal calculation divide the amount by the number of months
Long term goal calculation multiply the number of years by 12; divide the amount by the number of months
Created by: mrscbrown
Popular Finance sets

 

 



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