About our author Arthur J. Keown is an Alumni Distinguished Professor and the R. B. Pamplin Professor of Finance at Virginia Polytechnic Institute and State University. He received his bachelor's degree from Ohio Wesleyan University, his MBA from the University of Michigan, and his doctorate from Indiana University. An award-winning teacher, he is a member of the Academy of Teaching Excellence at Virginia Tech, he has received 5 Certificates of Teaching Excellence, the W. E. Wine Award for Teaching Excellence, and the Alumni Teaching Excellence Award, and in 1999 he received the Outstanding Faculty Award from the State of Virginia. In 2016, he was named to be one of 10 Alumni Distinguished Professors on campus and the first and only Alumni Distinguished Professor in the Pamplin College of Business.Professor Keown is widely published in academic journals. His work has appeared in Journal of Finance, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Journal of Financial Research, Journal of Banking and Finance, Financial Management, Journal of Portfolio Management, and many others. Two of his books are widely used in college finance classes all over the country: Financial Management and Foundations of Finance: The Logic and Practice of Financial Management.Professor Keown is a Fellow of Decision Sciences Institute and served as Department Head for 12 years. In addition, he has served as the co-editor of both the Journal of Financial Research and the Financial Management Association's Survey and Synthesis Series. He was recently inducted into Ohio Wesleyan's Athletic Hall of Fame for wrestling. His daughter and son are both married and live in Houston, TX, and on Jeju Island in South Korea, while he and his wife live in Blacksburg, VA, where he collects original art from Mad magazine.

• PART 1: FINANCIAL PLANNING The Financial Planning ProcessMeasuring Your Financial Health and Making a PlanUnderstanding and Appreciating the Time Value of MoneyTax Planning and StrategiesPART 2: MANAGING YOUR MONEY Cash or Liquid Asset ManagementUsing Credit Cards: The Role of Open CreditStudent and Consumer Loans: The Role of Planned BorrowingThe Home and Automobile DecisionPART 3: PROTECTING YOURSELF WITH INSURANCE Life and Health InsuranceProperty and Liability InsurancePART 4: MANAGING YOUR INVESTMENTS Investment BasicsInvesting in StocksInvesting in Bonds and Other AlternativesMutual Funds: An Easy Way to DiversifyPART 5: LIFE CYCLE ISSUES Retirement PlanningEstate Planning: Saving Your Heirs Money and HeadachesFinancial Life Events -- Fitting the Pieces TogetherAPPENDICES Compound Sum of $1Present Value of $1Compound Sum of an Annuity of $1 for n PeriodsPresent Value of an Annuity of $1 for n PeriodsMonthly Installment Loan Tables

About our author Arthur J. Keown is an Alumni Distinguished Professor and the R. B. Pamplin Professor of Finance at Virginia Polytechnic Institute and State University. He received his bachelor's degree from Ohio Wesleyan University, his MBA from the University of Michigan, and his doctorate from Indiana University. An award-winning teacher, he is a member of the Academy of Teaching Excellence at Virginia Tech, he has received 5 Certificates of Teaching Excellence, the W. E. Wine Award for Teaching Excellence, and the Alumni Teaching Excellence Award, and in 1999 he received the Outstanding Faculty Award from the State of Virginia. In 2016, he was named to be one of 10 Alumni Distinguished Professors on campus and the first and only Alumni Distinguished Professor in the Pamplin College of Business.Professor Keown is widely published in academic journals. His work has appeared in Journal of Finance, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Journal of Financial Research, Journal of Banking and Finance, Financial Management, Journal of Portfolio Management, and many others. Two of his books are widely used in college finance classes all over the country: Financial Management and Foundations of Finance: The Logic and Practice of Financial Management.Professor Keown is a Fellow of Decision Sciences Institute and served as Department Head for 12 years. In addition, he has served as the co-editor of both the Journal of Financial Research and the Financial Management Association's Survey and Synthesis Series. He was recently inducted into Ohio Wesleyan's Athletic Hall of Fame for wrestling. His daughter and son are both married and live in Houston, TX, and on Jeju Island in South Korea, while he and his wife live in Blacksburg, VA, where he collects original art from Mad magazine.

• PART 1: FINANCIAL PLANNING The Financial Planning ProcessMeasuring Your Financial Health and Making a PlanUnderstanding and Appreciating the Time Value of MoneyTax Planning and StrategiesPART 2: MANAGING YOUR MONEY Cash or Liquid Asset ManagementUsing Credit Cards: The Role of Open CreditStudent and Consumer Loans: The Role of Planned BorrowingThe Home and Automobile DecisionPART 3: PROTECTING YOURSELF WITH INSURANCE Life and Health InsuranceProperty and Liability InsurancePART 4: MANAGING YOUR INVESTMENTS Investment BasicsInvesting in StocksInvesting in Bonds and Other AlternativesMutual Funds: An Easy Way to DiversifyPART 5: LIFE CYCLE ISSUES Retirement PlanningEstate Planning: Saving Your Heirs Money and HeadachesFinancial Life Events -- Fitting the Pieces TogetherAPPENDICES Compound Sum of $1Present Value of $1Compound Sum of an Annuity of $1 for n PeriodsPresent Value of an Annuity of $1 for n PeriodsMonthly Installment Loan Tables

About our author Arthur J. Keown is an Alumni Distinguished Professor and the R. B. Pamplin Professor of Finance at Virginia Polytechnic Institute and State University. He received his bachelor's degree from Ohio Wesleyan University, his MBA from the University of Michigan, and his doctorate from Indiana University. An award-winning teacher, he is a member of the Academy of Teaching Excellence at Virginia Tech, he has received 5 Certificates of Teaching Excellence, the W. E. Wine Award for Teaching Excellence, and the Alumni Teaching Excellence Award, and in 1999 he received the Outstanding Faculty Award from the State of Virginia. In 2016, he was named to be one of 10 Alumni Distinguished Professors on campus and the first and only Alumni Distinguished Professor in the Pamplin College of Business.Professor Keown is widely published in academic journals. His work has appeared in Journal of Finance, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Journal of Financial Research, Journal of Banking and Finance, Financial Management, Journal of Portfolio Management, and many others. Two of his books are widely used in college finance classes all over the country: Financial Management and Foundations of Finance: The Logic and Practice of Financial Management.Professor Keown is a Fellow of Decision Sciences Institute and served as Department Head for 12 years. In addition, he has served as the co-editor of both the Journal of Financial Research and the Financial Management Association's Survey and Synthesis Series. He was recently inducted into Ohio Wesleyan's Athletic Hall of Fame for wrestling. His daughter and son are both married and live in Houston, TX, and on Jeju Island in South Korea, while he and his wife live in Blacksburg, VA, where he collects original art from Mad magazine.

• PART 1: FINANCIAL PLANNING The Financial Planning ProcessMeasuring Your Financial Health and Making a PlanUnderstanding and Appreciating the Time Value of MoneyTax Planning and StrategiesPART 2: MANAGING YOUR MONEY Cash or Liquid Asset ManagementUsing Credit Cards: The Role of Open CreditStudent and Consumer Loans: The Role of Planned BorrowingThe Home and Automobile DecisionPART 3: PROTECTING YOURSELF WITH INSURANCE Life and Health InsuranceProperty and Liability InsurancePART 4: MANAGING YOUR INVESTMENTS Investment BasicsInvesting in StocksInvesting in Bonds and Other AlternativesMutual Funds: An Easy Way to DiversifyPART 5: LIFE CYCLE ISSUES Retirement PlanningEstate Planning: Saving Your Heirs Money and HeadachesFinancial Life Events -- Fitting the Pieces TogetherAPPENDICES Compound Sum of $1Present Value of $1Compound Sum of an Annuity of $1 for n PeriodsPresent Value of an Annuity of $1 for n PeriodsMonthly Installment Loan Tables