FIN 420 ASSIST Future Our Mission/fin420assist.com

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FIN 420 ASSIST Future Our Mission/fin420assist.co
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FIN 420 ASSIST Future Our Mission/fin420assist.co
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FIN 420 Entire Course FOR MORE CLASSES VISIT
www.fin420assist.com   FIN 420 Week 1 DQ 1 FIN
420 Week 1 DQ 2 FIN 420 Week 1 Individual
Assignment Personal Finance Mission Statement FIN
420 Week 2 Individual Assignment Personal Finance
Problems and Summary FIN 420 Week 2 Personal
Finance Quiz FIN 420 Week 2 DQ 1 FIN 420 Week 2
DQ 2 FIN 420 Week 3 Individual Problem Worksheet
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VCT 320 Empower and Inspiring/vct320mart.com
FIN 420 ASSIST Future Our Mission/fin420assist.co
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FIN 420 Week 1 DQ 1 FOR MORE CLASSES VISIT
www.fin420assist.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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VCT 320 Empower and Inspiring/vct320mart.com
FIN 420 ASSIST Future Our Mission/fin420assist.co
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FIN 420 Week 1 DQ 2 FOR MORE CLASSES VISIT
www.fin420assist.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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VCT 320 Empower and Inspiring/vct320mart.com
FIN 420 ASSIST Future Our Mission/fin420assist.co
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FIN 420 Week 1 Individual Assignment Personal
Finance Mission Statement FOR MORE CLASSES VISIT
www.fin420assist.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  Format your
assignment consistent with APA guidelines.
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VCT 320 Empower and Inspiring/vct320mart.com
FIN 420 ASSIST Future Our Mission/fin420assist.co
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FIN 420 Week 2 DQ 1 FOR MORE CLASSES VISIT
www.fin420assist.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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VCT 320 Empower and Inspiring/vct320mart.com
FIN 420 ASSIST Future Our Mission/fin420assist.co
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FIN 420 Week 2 DQ 2 FOR MORE CLASSES VISIT
www.fin420assist.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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VCT 320 Empower and Inspiring/vct320mart.com
FIN 420 ASSIST Future Our Mission/fin420assist.co
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FIN 420 Week 2 Individual Assignment Personal
Finance Problems and Summary FOR MORE CLASSES
VISIT www.fin420assist.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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VCT 320 Empower and Inspiring/vct320mart.com
FIN 420 ASSIST Future Our Mission/fin420assist.co
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FIN 420 Week 2 Personal Finance Quiz FOR MORE
CLASSES VISIT www.fin420assist.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? 3  If a person spends 10 a week on coffee
(assume 500 a year), what would be the future
value of that amount over 10 years if the funds
were deposited in an account earning 3 percent?
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VCT 320 Empower and Inspiring/vct320mart.com
FIN 420 ASSIST Future Our Mission/fin420assist.co
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FIN 420 Week 3 DQ 1 FOR MORE CLASSES VISIT
www.fin420assist.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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VCT 320 Empower and Inspiring/vct320mart.com
FIN 420 ASSIST Future Our Mission/fin420assist.co
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FIN 420 Week 3 DQ 2 FOR MORE CLASSES VISIT
www.fin420assist.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?
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VCT 320 Empower and Inspiring/vct320mart.com
FIN 420 ASSIST Future Our Mission/fin420assist.co
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FIN 420 Week 3 Individual Problem Worksheet FOR
MORE CLASSES VISIT www.fin420assist.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.
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VCT 320 Empower and Inspiring/vct320mart.com
FIN 420 ASSIST Future Our Mission/fin420assist.co
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FIN 420 Week 3 Learning Team Problems FOR MORE
CLASSES VISIT www.fin420assist.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?         
Which would you recommend for your retired
parents? Justify your answer.          Five
years ago, you purchased a 1,000 corporate bond
issued by General Electric. The interest rate for
the bond was 5.
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VCT 320 Empower and Inspiring/vct320mart.com
FIN 420 ASSIST Future Our Mission/fin420assist.co
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FIN 420 Week 4 DQ 1 FOR MORE CLASSES VISIT
www.fin420assist.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 ASSIST Future Our Mission/fin420assist.co
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FIN 420 Week 4 DQ 2 FOR MORE CLASSES VISIT
www.fin420assist.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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VCT 320 Empower and Inspiring/vct320mart.com
FIN 420 ASSIST Future Our Mission/fin420assist.co
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FIN 420 Week 4 Individual Assignment Mutual Fund
Evaluation FOR MORE CLASSES VISIT
www.fin420assist.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 International fund Fund devoted to
retirement investing 
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VCT 320 Empower and Inspiring/vct320mart.com
FIN 420 ASSIST Future Our Mission/fin420assist.co
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FIN 420 Week 4 Personal Finance Quiz FOR MORE
CLASSES VISIT www.fin420assist.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? 2 Sarah and James Hernandez
purchased 150 shares of Cisco Systems stock at
18 a share. One year later, they sold the stock
for 25.40 a share. They paid a broker a 32
commission when they purchased the stock and a
40 commission when they sold the stock.
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VCT 320 Empower and Inspiring/vct320mart.com
FIN 420 ASSIST Future Our Mission/fin420assist.co
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FIN 420 Week 5 DQ 1 FOR MORE CLASSES VISIT
www.fin420assist.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?
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VCT 320 Empower and Inspiring/vct320mart.com
FIN 420 ASSIST Future Our Mission/fin420assist.co
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FIN 420 Week 5 DQ 2 FOR MORE CLASSES VISIT
www.fin420assist.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?
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VCT 320 Empower and Inspiring/vct320mart.com
FIN 420 ASSIST Future Our Mission/fin420assist.co
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FIN 420 Week 5 Individual Problem Worksheet FOR
MORE CLASSES VISIT www.fin420assist.com   Comple
te the following problems Describe
the two types of tax-deferred investment accounts
an IRA, and a 401(k) or 403(b), and contrast
them with a regular taxable investment account.
What types of investments are best held in a
tax-deferred account? What types are best held as
taxable savings? Describe the
advantages to using a College Savings 529 Plan
over gifting money directly to your children in
the form of a Uniform Gift to Minor Account.
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FIN 420 ASSIST Future Our Mission/fin420assist.co
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FIN 420 Week 5 Team Assignment Financial Planning
in Action FOR MORE CLASSES VISIT
www.fin420assist.com   Choose a minimum of
three of the four following life situations (or
use all four) Husband/wife, two kids, 1 income,
mortgage, good salary, some savings, no college
fund Divorced, 55 years old, 1.2 million, 2
kids in college, no debt 24-year-old single
woman, college graduate, engineer, 20,000
savings 74-year-old widower, excellent pension,
500,000, long-term care insurance, three
children
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