Paul Carter is 42 years old,married and has three children,ages 15,13 and 8.This discussion is a demonstration of what factor in personal financial planning?
A)Adult life cycle
B)Economic factors
C)Global influences
D)Opportunity costs
E)None of these

Question

Quizplus · Accepted Answer

The discussion of Paul Carter's age, marital status, and the ages of his children is a demonstration of the adult life cycle factor in personal financial planning. This factor considers how financial needs and goals change at different stages of an individual's life.

Paul Carter Is 42 Years Old,married and Has Three Children,ages