Title: FIN 420 Course Success is a Tradition - snaptutorial.com
1FIN 420 Course Success is a Tradition
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2FIN 420 Course Success is a Tradition
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- FIN 420 Week 1 Individual Assignment Identify
Personal Financial Goals - FIN 420 Week 1 DQ 1
- FIN 420 Week 1DQ 2
- FIN 420 Week 2 Individual Assignment Worksheets 6
and 7 - FIN 420 Week 2 LT Deliverable (Update on Final
Project)
- Describe your current budgeting system. What
factors influence your financial decisions? What
are the benefits or concerns of your current
budgeting system?
3FIN 420 Course Success is a Tradition
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- FIN 420 Week 1 Individual Assignment Identify
Personal
- Ch. 1 of Focus on Personal Finance introduces
eight components of personal financial planning.
Describe three components of personal financial
planning. Visit one of the Key websites suggested
on the corresponding pages of Focus on Personal
Finance for each of the three components you
described. What information did you find most
valuable on the websites you visited?
- This entire assignment must be presented in a
single MS Excel spreadsheet file (not in an MS
Word document). - Use 2 separate sheets within a single file, 1
for the goals and a 2nd for the action plan. - Follow guidance provided in the homework hint
in the main forum. - Format your spreadsheet professionally.
4FIN 420 Course Success is a Tradition
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- Consider your personal cash flows. How would you
adjust cash outflows (i.e. adjust your budget) if
your household income was cut in half? If your
cash inflows increased, how would you reallocate
your surplus to meet your personal needs and
objectives? How do you use credit as a part of
your personal financial plan?
- Many different types of financial institutions
exist. Differentiate between deposit institutions
and non-deposit institutions. Provide two
examples of deposit and non-deposit financial
institutions with a brief explanation of each.
How can you use each of these financial
institutions to manage your cash flows and
develop or enhance your personal financial plan?
5FIN 420 Course Success is a Tradition
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- FIN 420 Week 2 Individual Assignment Worksheets 6
and 7
- FIN 420 Week 2 LT Deliverable (Update on Final
Project)
- This entire assignment must be presented in a
single MS Excel spreadsheet files (not in an MS
Word document). - Use 2 separate sheets within a single file, 1
for the goals and a 2nd for the action plan. - Format your spreadsheet professionally.
- FIN 420 Week 2 LT Deliverable (Update on final
Project)
6FIN 420 Course Success is a Tradition
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- Evaluate your personal risk tolerance using
Exhibit 11-2 A Quick Test to Measure Investment
Risk in Ch. 11 of Focus on Personal Finance.
Based on your results, were you considered more
conservative or less conservative? What factors
affected your investment choices? Consider a
friend or family member who is more conservative
or less conservative than you. How do their money
management behaviors differ from your own?
- Financial experts agree that having an emergency
fund is an essential component of a comprehensive
financial plan. However, advice regarding the
number of months of household expenses the
emergency fund should cover varies between 3 and
9 months. Taking into account the current
financial environment, how many months of
expenses would you recommend for an emergency
fund and why?
7FIN 420 Course Success is a Tradition
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- FIN 420 Week 3 Individual Assignment Personal
Financial Plan
- FIN 420 Week 3 LT Deliverable (Update on Final
Project)
- The above portion of this assignment must be
presented in a single MS Excel spreadsheet files
(not in an MS Word document). - Use separate sheets within a single file, 1
for each of the above requirements. - Format your spreadsheet professionally.
- FIN 420 Week 3 LT Deliverable (Update on Final
Project)
8FIN 420 Course Success is a Tradition
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- Adjustable rate mortgages (ARMs) have received a
great deal of bad press due to the tremendous
number of foreclosures resulting from families
who could not afford the loan payments once the
interest rates increased. Do you believe this
loan option was used appropriately in recent
years? Why or why not? Under what circumstances
does the use of ARMs make sense? Please explain.
- Visit a site such as www.bankrate.com to
determine current rates for both a 60-month and a
36-month loan on a new car where the buyer must
finance 20,000. Using the loan calculator, what
is the difference in monthly payments between the
60-month loan and the 36-month loan? Review the
amortization tables. What is the difference in
total interest one would pay over the life of
these two loans?
9FIN 420 Course Success is a Tradition
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- FIN 420 Week 4 Learning Team Assignment Market
Analysis
- FIN 420 Week 4 LT Deliverable (Update on Final
Project)
- Your team is a Personal Financial Planning team.
Your client has hired your firm to provide an
overview of common investment options, explain
the current financial environment, and recommend
the most suitable investment options based on
personal financial goals.
- FIN 420 Week 4 LT Deliverable (Update on Final
Project)
10FIN 420 Course Success is a Tradition
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- Life insurance is a topic many people do not like
to discuss, but understanding your familys needs
and planning appropriately in the event of a
premature death is also part of a comprehensive
financial plan. Outlined in Ch. 10 are four
methods for estimating life insurance needs.
Which insurance options are most appropriate for
your family situation?
- Consider your current financial plan. Based on
what you have learned about your financial goals,
risk tolerance, and risk and return of various
investment options, what adjustments should you
make to the asset allocation of your investment
portfolio? What specific actions do you need to
take to make those adjustments or to establish
your investment portfolio?
11FIN 420 Course Success is a Tradition
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- FIN 420 Week 5 Learning Team Assignment Evaluate
a Financial Plan
- Write a 1200- to 1,500-word paper using MS Word
in which you explain how to evaluate a financial
plan and conduct a personal financial analysis
using relevant financial tools and data. Include
in your paper the following (each bullet should
be a separate APA section header)
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