module 1 exam financial literacy part 1 ae teacher (acc ed) / module 1: earning income\n7. which goal is the…

module 1 exam financial literacy part 1 ae teacher (acc ed) / module 1: earning income\n7. which goal is the best example of a well - stated smart financial goal?\nbuy a $1,500 big - screen television by next month\nbuy a $2,000 laptop in two years by saving $100 each month\npay off $1,000 credit card balance as soon as possible\npay for a two - bedroom home in four years by taking out a loan

module 1 exam financial literacy part 1 ae teacher (acc ed) / module 1: earning income\n7. which goal is the best example of a well - stated smart financial goal?\nbuy a $1,500 big - screen television by next month\nbuy a $2,000 laptop in two years by saving $100 each month\npay off $1,000 credit card balance as soon as possible\npay for a two - bedroom home in four years by taking out a loan

Answer

Brief Explanation:

SMART goals are Specific, Measurable, Achievable, Relevant, and Time - bound. The goal of buying a $2,000 laptop in two years by saving $100 each month is specific ($2,000 laptop), measurable ($100 per month savings), achievable (saving $100 a month for two years can reach $2400 which is enough for a $2000 laptop), relevant (a financial goal related to purchasing a laptop), and time - bound (two years). The other goals lack in some aspects like the first one may not be achievable for everyone in a month, the third one has no specific time - bound, and the fourth one is very general about the loan amount and affordability.

Answer:

buy a $2,000 laptop in two years by saving $100 each month