Jack R. Kapoor - Focus on Personal Finance: An Active Approach to Help You Achieve Financial Literacy, Sixth Edition

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Focus on Personal Finance

An Active Approach to Help You Achieve Financial Literacy

SIXTH EDITION

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The McGraw-Hill Education Series in Finance, Insurance, and Real Estate

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

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Personal Finance

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Focus on Personal Finance

An Active Approach to Help You Achieve Financial Literacy

SIXTH EDITION

Jack R. Kapoor

COLLEGE OF DUPAGE

Les R. Dlabay

LAKE FOREST COLLEGE

Robert J. Hughes

DALLAS COUNTY COMMUNITY COLLEGES

Melissa M. Hart

NORTH CAROLINA STATE UNIVERSITY

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FOCUS ON PERSONAL FINANCE

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ISBN 978-1-260-09193-9

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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 wife, Robin, and the memory of my mother, Barbara Y. Hughes

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

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Focus on... the Authors

Jack R. Kapoor, EdD, College of DuPage

Jack Kapoor has been a professor of business and economics in the Business and Technology Division of the College of DuPage, Glen Ellyn, Illinois, where he taught Personal Finance, Introduction to Business, Marketing, Management, and Economics for more than 40 years. Professor Kapoor is a recipient of the Business and Technology Divisions Outstanding Professor Award. He received his BA and MS from San Francisco State College and his EdD in Business and Economic Education from Northern Illinois University. He previously taught at Illinois Institute of Technologys Stuart School of Management, San Francisco State Universitys School of World Business, and other colleges. 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 two popular national television series The Business File: An Introduction to Business, and Dollars and Sense: Personal Finance for the 21st Century; 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, Crains Small Business, the Chicago Tribune, and other publications.

Dr. Kapoor has traveled around the world and has studied business practices in capitalist, socialist, and communist countries.