Nelson Higher Education

Higher Education

PFIN, 7th Edition

  • includes MindTap 1 Term Printed Access Card
  • Randall Billingsley
  • Lawrence Gitman
  • Michael Joehnk
  • ISBN-10: 0357033604
  • ISBN-13: 9780357033609
  • 448 Pages | Paperback
  • Previous Editions: 2018, 2017, 2016
  • COPYRIGHT: 2020 Published
Request a Copy for Review

Overview

About the Product

Through ongoing research into students’ workflows and preferences, PFIN from 4LTR Press combines an easy-reference, paperback textbook with Chapter Review Cards, and an innovative online experience – all at an affordable price. New for this edition, students explore PFIN anywhere, anytime, and on most devices with MindTap! MindTap is the digital learning solution that powers students from memorization to mastery. It gives you complete control of your course—to provide engaging content, to challenge every individual, and to build their confidence. Empower students to accelerate their progress with MindTap. Coupled with straightforward course management, assessment, and analytics for instructors, PFIN with MindTap engages students of all generations and learning styles, and integrates seamlessly into your Personal Finance course. PFIN7 has numerous features that relate personal finance to students’ day-to-day lives. These include “You Can Do It Now” on personal financial actions students can take now, “Financial Impact of Personal Choices” that illustrates the financial effects of key personal decisions, “Financial Planning Tips”, “Behavior Matters” on the behavioral aspects of personal finance, and “Planning Over a Lifetime” on financial planning over the life cycle. PFIN7 helps instructors by allowing them to present students with essential decision-making frameworks and up-to-date information on key topics that include buying a home or car, setting up and maintaining a budget, handling student loans, insuring your life, health and property, investing to meet goals like retirement, and doing your taxes. All data and figures are updated through the second quarter of 2018.

Features

  • PFIN7 has numerous features that relate personal finance to students’ day-to-day lives. These include “You Can Do It Now” on personal financial actions students can take now, “Financial Impact of Personal Choices” that illustrates the financial effects of key personal decisions, “Financial Planning Tips”, “Behavior Matters” on the behavioral aspects of personal finance, and “Planning Over a Lifetime” on financial planning over the life cycle. It present students with essential decision-making frameworks and up-to-date information on key topics that include buying a home or car, setting up and maintaining a budget, handling student loans, insuring your life, health and property, investing to meet goals like retirement, and doing your taxes.

  • Instructors should adopt PFIN7 instead of competing products because of its effective emphasis on decision-making frameworks and numerous features that make it more relevant to students’ day-to-day lives.

  • Every 4LTR Press solution comes complete with an engaging print textbook, tear-out review cards, an interactive digital solution, which offers study tools and the full text narrative, all delivered and influenced by a deep understanding of student’s workflow and learning styles. Available as print with online, print only, or online only, students have their choice of format all at the same affordable price.

  • Shorter, comprehensive chapters in a modern design present content in a more engaging and accessible format that increases the number of students who read the chapter without minimizing coverage for your course.

  • Tear-Out Review Cards at the back of the Student Editions provide students a portable study tool containing all of the pertinent information for class and test preparation.

About the Author

Randall Billingsley

Randall Billingsley is a finance professor at Virginia Tech and an award-winning teacher at both the undergraduate and graduate level. His research, consulting, and teaching focus on equity valuation, personal investments, and regulatory finance. Dr. Billingsley holds the Chartered Financial Analyst (CFA), Financial Risk Manager (FRM), and Certified Rate of Return Analyst (CRRA) professional designations. He received an MS in economics and a PhD in finance from Texas A&M. In 2006, he published a financial analysis book with the Wharton School. In addition, his research has been published in many professional journals, including the JOURNAL OF PORTFOLIO MANAGEMENT, JOURNAL OF BANKING AND FINANCE, FINANCIAL MANAGEMENT, JOURNAL OF FINANCIAL RESEARCH, and JOURNAL OF FUTURES MARKETS. He is a former vice president at the CFA Institute. At Virginia Tech he advises the Student-Managed Endowment for Educational Development, which manages an equity portfolio of about $5 million.

Lawrence Gitman

Lawrence J. Gitman is an emeritus professor of finance at San Diego State University. He received his bachelor’s degree from Purdue University, his M.B.A. from the University of Dayton and his Ph.D. from the University of Cincinnati. Dr. Gitman is a prolific textbook author with numerous best-selling books, and he has written more than 50 articles for various finance journals. An active member of numerous professional organizations, Dr. Gitman is past president of the Academy of Financial Services, the San Diego Chapter of the Financial Executives Institute, the Midwest Finance Association and the FMA National Honor Society. In addition, Dr. Gitman is a Certified Financial Planner® (CFP®). He formerly served as a director on the CFP® Board of Governors in addition to functioning as vice-president–financial education for the Financial Management Association and as director of the San Diego MIT Enterprise Forum. Dr. Gitman has two grown children and lives with his wife in La Jolla, California, where he is an avid bicyclist.

Michael Joehnk

Michael D. Joehnk is an emeritus professor of finance at Arizona State University. In addition to his academic appointments at ASU, Dr. Joehnk spent a year as a visiting professor of finance at the University of Otago in New Zealand. He received his B.A. and Ph.D. degrees from the University of Arizona and his M.B.A. from Arizona State University. A Chartered Financial Analyst (CFA), he served as a member of the Candidate Curriculum Committee and of the Council of Examiners of the Institute of Chartered Financial Analysts. He also served as a director of the Phoenix Society of Financial Analysts and as secretary-treasurer of the Western Finance Association. He was also elected to two terms as vice president of the Financial Management Association. In addition, Dr. Joehnk was the editor of Institutional Asset Allocation, which was sponsored by the Institute of Chartered Financial Analysts and published by Dow Jones-Irwin. He also has contributed to the Handbook for Fixed Income Securities and to Investing and Risk Management, Volume 1 of the Library of Investment Banking. In addition, Dr. Joehnk served a six-year term as executive co-editor of the Journal of Financial Research. He and his wife live in Flagstaff, Arizona, where they enjoy hiking and other activities in the surrounding areas.

Table of Contents

Part I: FOUNDATIONS OF FINANCIAL PLANNING.
1. Understanding the Financial Process.
2. Using Financial Statements and Budgets.
3. Preparing Your Taxes.
Part II: MANAGING BASIC ASSETS.
4. Managing Your Cash and Savings.
5. Making Automobile and Housing Decisions.
Part III: MANAGING CREDIT.
6. Using Credit.
7. Using Consumer Loans.
Part IV: MANAGING INSURANCE NEEDS.
8. Insuring Your Life.
9. Insuring Your Health.
10. Protecting Your Property.
Part V: MANAGING INVESTMENTS.
11. Investment Planning.
12. Investing in Stocks and Bonds.
13. Investing in Mutual Funds, ETFs, and Real Estate.
Part VI: RETIREMENT AND ESTATE PLANNING.
14. Planning for Retirement.
15. Preserving Your Estate.

New to this edition

  • NEW MindTap: MindTap® is the digital learning solution that powers students from memorization to mastery. It gives you complete control of your course—to provide engaging content, to challenge every individual, and to build their confidence. Empower students to accelerate their progress with MindTap.
  • All figures, data and exhibits have been updated through the second quarter of 2018.
  • Coupled with straightforward course management, assessment, and analytics for instructors, PFIN with MindTap engages students of all generations and learning styles, and integrates seamlessly into your course, setting the stage for thinking critically about Personal Finance Course.

Supplements

All supplements have been updated in coordination with the Main title.
Please see Main title page for new to this edition information.

Instructor Supplements

Instructor's Companion Website  (ISBN-10: 0357033663 | ISBN-13: 9780357033661)

Everything you need for your course in one place! This collection of product-specific lecture and class tools is available online via the instructor resource center at www.cengage.com/login. You'll be able to access and download materials such as PowerPoint presentations, images, instructor’s manual, videos, and more.

Cengage Testing, powered by Cognero® Instant Access  (ISBN-10: 0357033671 | ISBN-13: 9780357033678)

Cengage Testing, powered by Cognero® is a flexible, online system that allows you to import, edit, and manipulate content from the text’s test bank or elsewhere, including your own favorite test questions; create multiple test versions in an instant; and deliver tests from your LMS, your classroom, or wherever you want.

Instructor's Edition  (ISBN-10: 0357033620 | ISBN-13: 9780357033623)

Instructor Sample/Review copy of PFIN.