1、interactivestudenteditionJack R.KapoorProfessor of Business and EconomicsBusiness and Services DivisionCollege of DuPageGlen Ellyn,IllinoisLes R.DlabayProfessor of BusinessDepartment of Economics and BusinessLake Forest CollegeLake Forest,IllinoisRobert J.HughesProfessor of BusinessDallas County Com
2、munity CollegesDallas,TexasWilliam B.HoytContributing EditorWilton High SchoolWilton,ConnecticutNOTICE:Information on featured companies,organizations,and their products and services is included for educational purposes only,and it does not present or imply endorsement of the Business and Personal F
3、inance program.Copyright 2007 by The McGraw-Hill Companies.All rights reserved.Except as permitted under the United States Copyright Act,no part of this publication may be reproduced or distributed in any form or by any means,or stored in a database or retrieval system,without prior written permissi
4、on of the publisher.Printed in the United States of America.Send all inquiries to:Glencoe/McGraw-Hill21600 Oxnard Street,Suite 500Woodland Hills,California 91367-4906ISBN-13:978-0-07-868712-9(Student Text)ISBN-10:0-07-868712-8(Student Text)ISBN-13:978-0-07-869846-0(Teacher Annotated Edition)ISBN-10:
5、0-07-869846-4(Teacher Annotated Edition)2 3 4 5 6 7 8 9 027 09 08 07 06 05About the AuthorsJack R.KapoorJack R.Kapoor is professor of business and economics in the Business and Services Division at College of DuPage,where he has taught since 1969.He received his Bachelor of Arts in Business Administ
6、ration and Master of Science in International Business from San Francisco State College.He received his Doctor of Education from Northern Illinois University.Dr.Kapoor was awarded the Business and Services Divisions Outstanding Professor Award for l9992000.Les R.DlabayLes R.Dlabay teaches in the Dep
7、artment of Economics and Business at Lake Forest College.He received his Bachelor of Science in Accounting from University of Illinois,his Master of Business Administration in Business Management from DePaul University,and his Doctor of Education in Business and Economic Education from Northern Illi
8、nois University.He is a founding member of the Illinois Consumer Education Association.Robert J.HughesRobert J.Hughes teaches business,management,and fi nance courses at Dallas County Community Colleges.He received his Bachelor of Arts in Business Administration from Southern Nazarene University and
9、 his Master of Business Administration and Doctor of Education from the University of North Texas.Dr.Hughes has taught at the high school,community college,and four-year university levels for 36 years.He received the Excellence in Teaching Award at Richland College and has 15 years of experience tea
10、ching personal fi nance courses.ContentsiiiRosella BannisterJump$tart Personal Finance ClearinghouseAnn Arbor,MichiganJanet BarnesHazelwood West High SchoolHazelwood,MissouriThelma BrooksEducational ConsultantColumbus,OhioEdlena CarmonMarion Franklin High SchoolColumbus,OhioSharon ClemonsThomas Wort
11、hington High SchoolWorthington,OhioJohn E.Clow,Ph.D.State University of New YorkOneonta,New YorkJoe CookSoutheast Career CenterColumbus,OhioDiane W.CulpepperWinter Park TechWinter Park,FloridaJoy DavisDelaware Area Career CenterDelaware,OhioLaneita DunphyMontclair High SchoolMontclair,New JerseyErne
12、stine GordonMontclair High SchoolMontclair,New JerseyGeorgia HooverDublin Scioto High SchoolDublin,OhioPaul JussilaSouth Windsor High SchoolSouth Windsor,ConnecticutMike KellyHazelwood East High SchoolSt.Louis,MissouriJason LeeOlympia High SchoolOrlando,FloridaDiane ManleySt.Louis,MissouriGreg Moore
13、Columbus,OhioJeff NoyesMinnetonka High SchoolMinnetonka,MinnesotaVerta ParksMarion Franklin High SchoolColumbus,OhioKevin RichbergMontclair High SchoolMontclair,New JerseyVerlin SamplesHamilton LocalColumbus,OhioJames C.ScharerFremont Ross High SchoolFremont,OhioNatalie SchaublinWesterville North Hi
14、gh SchoolWesterville,OhioKen SchnitzerMontclair High SchoolMontclair,New JerseyJulie SmithSoutheast Career CenterColumbus,OhioBetty ToblerSt.Louis Public SchoolsSt.Louis,MissouriMark Van HoyHazelwood West High SchoolHazelwood,MissouriPatty WambleCape Central High SchoolCape Girardeau,MissouriElizabe
15、th WattNorth Education CenterColumbus,OhioKen WattsMontclair High SchoolMontclair,New JerseyPolly WhiteWawasee High SchoolSyracuse,IndianaTamara WicklineDublin Coffman High SchoolDublin,OhioSusie WrightWalnut Ridge High SchoolColumbus,OhioGlenn ZipfelChristian Brothers High SchoolSt.Louis,Missouri R
16、eviewersivWelcome to Business and Personal FinanceEach day you are surrounded by new choices for shopping,watching television,and other activities.You also have many choices about how to spend your money.Business and Personal Finance can help you make the right decisions.You will develop financial literacy through inte-grated academics,real-world examples,and practical advice.By learning how to make informed decisions related to spending,saving,borrowing,and investing,you can build a solid found