Practice questions serve as a valuable self-assessment tool to measure the progress of your CERTIFIED FINANCIAL PLANNER™ exam. By practicing the CFP® exam questions, you can gauge your current performance and find out where you are lagging. Analyzing the weak areas and keeping track of your previous attempts can help you understand the areas you excel in and lack in.
CFP® Exam Prep by Achieveoffers you free ten important practice questions from the subject – General Principles of Financial Planning. You can solve these sample Financial Certification Examination Questions to find out how good your understanding is of this subject.
Q 1. A grandma wishes to fund her grandson’s first year of college 10 years from now. If the first year costs $40,000, what rate must she earn on her $16,000 investment to be able to afford it?
Q 2. Which would be a realistic investment plan for a baby, given that educational expenditures have risen at a pace considerably over inflation for decades?
Q 3. Uncle John would want to contribute to his nephew’s education expenses this year. As the CEO of a tech company, John makes more than $6 million every year. John’s most effective means of assistance would be:
A. Contribute to a Roth IRA and use the basis to aid his nephew
B. Directly pay the college tuition costs not covered by aid
Q 7. Tuition, accommodation and board, obligatory fees, and necessary books total $80,000 per year at the best technical institution in your state this year. What is the cost of your client’s child’s freshman year in 6 years, assuming it costs 6.5 percent higher every year?
Q9. Assume Erik wants to assist his children in paying for college starting in eight years, but he wants to be able to do so in a variety of ways in the future due to his retirement demands. Which choice is the greatest for him to use?
The best way to prepare for the CFP® exam is to keep track of your scores and daily progress. Our CERTIFIED FINANCIAL PLANNER™ Exam Prep app tracks your performance when you are solving the questions. It reveals your weaknesses and tells how much effort you must make to overcome them. Practice questions from the CFP® Exam Prep by Achieve to track your preparation and practice questions in the areas where you need improvement. Subscribe to the CFP® Exam Prep by Achieve to maximize your score.
