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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) FIN 420 Week 2 DQ 1 FIN 420 Week 2DQ 2 FIN 420 Week 3 Individual Assignment Personal Financial Plan FIN 420 Week 3 LT Deliverable (Update on Final Project) – PowerPoint PPT presentation

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Title: FIN 420 EXPERT Teaching Effectively fin420expertdotcom


1
FIN 420 EXPERT Teaching Effectively/
fin420expertdotcom
  • FOR MORE CLASSES VISIT
  • www.fin420expert.com

2
FIN 420 Entire Course
  • 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)
  • FIN 420 Week 2 DQ 1
  • FIN 420 Week 2DQ 2
  • FIN 420 Week 3 Individual Assignment Personal
    Financial Plan
  • FIN 420 Week 3 LT Deliverable (Update on Final
    Project)
  • FIN 420 Week 3 DQ 1

3
FIN 420 Week 1 DQ 1
  • Describe your current budgeting system. What
    factors influence your financial decisions? What
    are the benefits or concerns of your current
    budgeting system?

4
FIN 420 Week 1 DQ 2
  • 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?

5
FIN 420 Week 1 Individual Assignment Personal
Finance Mission Statement
  • 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.
  • Note. The information that students use in
    individual assignments remains confidential
    between the student and the instructor.Click the
    Assignment Files tab to submit your assignment.

6
FIN 420 Week 2 DQ 1
  • 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?

7
FIN 420 Week 2 DQ 2
  • 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?

8
FIN 420 Week 2 Individual Assignment Personal
Finance Problems and Summary
  • 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?
  • Submit the team's answers to the questions
    including all calculations and a summary of the
    results.Click the Assignment Files tab to submit
    your assignment.

9
FIN 420 Week 2 Personal Finance Quiz
  • 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?
  • 4 A financial company that advertises on
    television will pay you 60,000 now for annual
    payments of 10,000 that you are expected to
    receive for a legal settlement over the next 10
    years. What is the present value of this assuming
    the time value of the money at 10?

10
FIN 420 Week 3 DQ 1
  • 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?

11
FIN 420 Week 3 DQ 2
  • 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?

12
FIN 420 Week 3 Individual Problem Worksheet
  • Complete 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, use the asset
    allocation method described in this chapter and
    use the following table to diversify your
    investment portfolio. Then answer the following
    two questions
  • o What are the advantages of asset allocation?

13
FIN 420 Week 3 Learning Team Problems
  • 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. Comparable bonds are
    paying 6 today.

14
FIN 420 Week 4 DQ 1
  • 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.

15
FIN 420 Week 4 DQ 2
  • 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?

16
FIN 420 Week 4 Individual Assignment Mutual Fund
Evaluation
  • 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
  • Write a 350- to 700-word mutual fund evaluation
    for each mutual fund using the worksheet of your
    financial plan as a template. Include the
    following in your evaluation

17
FIN 420 Week 4 Personal Finance Quiz
  • 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. During the 12-month period
    the couple owned the stock, Cisco Systems paid
    dividends that totaled 0.24. Calculate the
    Hernandezes total return for this investment.

18
FIN 420 Week 5 DQ 1
  • 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?

19
FIN 420 Week 5 DQ 2
  • 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. 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?
  •  

20
FIN 420 EXPERT Teaching Effectively/
fin420expertdotcom
  • FOR MORE CLASSES VISIT
  • www.fin420expert.com
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