How does the budget fit into the area of finance what is a, Financial Management

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How does the budget fit into the area of finance what is a

1. How does the budget fit into the area of finance? What is a "fixed" budget versus a "flexible" one?

2. Assume annual rate. 4 year rates are 5% and 7 year rates are 6%. your neighbor offers to lend or borrow money to/from you for 3 years beginning in 4 years at a rate of 7%. what should you do?

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