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Phil is working on a finaicial plan for the next three years. This period is referred to as which one of the following

User TheNomad
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Final answer:

Phil is engaged in medium-term financial planning, which is focused on a time frame of one to five years and allows for goal setting and adjustments based on financial or market changes.

Step-by-step explanation:

When Phil is working on a financial plan for the next three years, this period is typically referred to as a medium-term financial plan or strategy. Medium-term financial planning generally focuses on a time horizon of one to five years. This allows for setting measurable and achievable goals while maintaining flexibility for adjustments based on changes in financial status or market conditions.

User WelcomeTo
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