FIN 420 EXPERT Empowering and Inspiring/fin420expert.com

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FIN 420 EXPERT Empowering and Inspiring/fin420expe
rt.com
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FIN 420 EXPERT Empowering and Inspiring/fin420expe
rt.com
FIN 420 Entire Course FOR MORE CLASSES
VISIT www.fin420expert.com     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
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FIN 420 EXPERT Empowering and Inspiring/fin420expe
rt.com
FIN 420 Week 1 DQ 1 FOR MORE CLASSES
VISIT www.fin420expert.com     Describe your
current budgeting system. What factors influence
your financial decisions? What are the benefits
or concerns of your current budgeting system?
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FIN 420 EXPERT Empowering and Inspiring/fin420expe
rt.com
FIN 420 Week 1 DQ 2 FOR MORE CLASSES
VISIT www.fin420expert.com 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?
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FIN 420 EXPERT Empowering and Inspiring/fin420expe
rt.com
FIN 420 Week 1 Individual Assignment Personal
Finance Mission Statement FOR MORE CLASSES
VISIT www.fin420expert.com     Write a 350- to
700-word personal finance mission statement that
describes where you want to be financially and
how you want to get there. Communicate the
following in your mission statement Personal
values Financial goals Future vision An easy
action to take to meet your mission A difficult
action to take to meet your mission
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FIN 420 EXPERT Empowering and Inspiring/fin420expe
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FIN 420 Week 2 DQ 1 FOR MORE CLASSES
VISIT www.fin420expert.com       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?
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FIN 420 EXPERT Empowering and Inspiring/fin420expe
rt.com
FIN 420 Week 2 DQ 2 FOR MORE CLASSES
VISIT www.fin420expert.com     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?
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FIN 420 EXPERT Empowering and Inspiring/fin420expe
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FIN 420 Week 2 Individual Assignment Personal
Finance Problems and Summary FOR MORE CLASSES
VISIT www.fin420expert.com     Complete the
Personal Finance Problems - Week 2. Write a 750-
to 1,050-word summary of the problems in which
the team includes the following What influence
does present and future value of money have on
the different scenarios? What is the role of
risk in determining decisions to diversify or how
assets are allocated?
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FIN 420 EXPERT Empowering and Inspiring/fin420expe
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FIN 420 Week 2 Personal Finance Quiz FOR MORE
CLASSES VISIT www.fin420expert.com     1 Carla
Lopez deposits 2,500 a year into her retirement
account. If these funds have an average earning
of 8 percent over the 40 years until her
retirement, what will be the value of her
retirement account? 2 An ATM with a service fee
of 2 is used by a person 100 times in a year.
What would be the future value in 10 years (use a
3 percent rate) of the annual amount paid in ATM
fees?
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FIN 420 EXPERT Empowering and Inspiring/fin420expe
rt.com
FIN 420 Week 3 DQ 1 FOR MORE CLASSES
VISIT www.fin420expert.com     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?
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FIN 420 EXPERT Empowering and Inspiring/fin420expe
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FIN 420 Week 3 DQ 2 FOR MORE CLASSES
VISIT www.fin420expert.com     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? What
are three investment options that are appropriate
for an emergency fund? Which of these investment
options offer the best returns? What reasons
might encourage you to forego a higher return on
your emergency funds?
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FIN 420 EXPERT Empowering and Inspiring/fin420expe
rt.com
FIN 420 Week 3 Individual Problem Worksheet FOR
MORE CLASSES VISIT www.fin420expert.com     Comple
te Worksheet 37 in Focus on Personal Finance,
Your Financial Plan Evaluating Corporate
Bonds. Explain the principle of asset
allocation. Using the Internet or library
research, prepare a 2-minute presentation
describing why the principle of asset allocation
is important when establishing an investment
program. Assume you are 59 years old, want to
retire in 6 years, and currently have an
investment portfolio valued at 550,000 invested
in technology stocks. After talking with friends
and relatives, you have decided that you have
too many eggs in one basket. Based on this
information
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FIN 420 EXPERT Empowering and Inspiring/fin420expe
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FIN 420 Week 3 Learning Team Problems FOR MORE
CLASSES VISIT www.fin420expert.com      
Assume that you are choosing an investment for
your retired parents. What are the advantages and
disadvanges of each of the following? o a bond
issued by the federal government, o a state or
local government, o or a corporation?
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FIN 420 EXPERT Empowering and Inspiring/fin420expe
rt.com
FIN 420 Week 4 DQ 1 FOR MORE CLASSES
VISIT www.fin420expert.com     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.
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FIN 420 EXPERT Empowering and Inspiring/fin420expe
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FIN 420 Week 4 DQ 2 FOR MORE CLASSES
VISIT www.fin420expert.com   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?
What do these differences show you about the true
cost of the car?
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FIN 420 EXPERT Empowering and Inspiring/fin420expe
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FIN 420 Week 4 Individual Assignment Mutual Fund
Evaluation FOR MORE CLASSES VISIT www.fin420exper
t.com     Choose a mutual fund family such as
Vanguard, American Funds, T. Rowe Price, and so
forth. Identify one mutual fund from that family
for each of the following categories Actively
managed common stock fund Fixed income
fund Balanced fund
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FIN 420 EXPERT Empowering and Inspiring/fin420expe
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FIN 420 Week 4 Personal Finance Quiz FOR MORE
CLASSES VISIT www.fin420expert.com       1
As a stockholder of Kentucky Gas and Oil, you
receive its annual report. In the financial
statements, the firm reported after-tax earnings
of 1,200,000 and has issued 1,500,000 shares of
common stock. The stock is currently selling for
24 a share. What is the per earnings share for
Kentucky Gas and Oil?
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FIN 420 EXPERT Empowering and Inspiring/fin420expe
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FIN 420 Week 5 DQ 1 FOR MORE CLASSES
VISIT www.fin420expert.com     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? Based on what you have identified as
most appropriate for you, do you currently have
enough life insurance? If not, how can you close
this gap?
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FIN 420 EXPERT Empowering and Inspiring/fin420expe
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FIN 420 Week 5 DQ 2 FOR MORE CLASSES
VISIT www.fin420expert.com     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? What adjustments will
you need to make to your budget and investment
portfolio to include adequate insurance?Consider
your current financial plan.
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FIN 420 EXPERT Empowering and Inspiring/fin420expe
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