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For more course tutorials visit<br>www.tutorialoutlet.com<br><br><br><br><br>FIN 420 Week 1 Individual Assignment Identify Personal Financial Goals<br>Resources: Creating Financial Goals chart in Ch. 1 of Focus on Personal Finance<br> <br>Specify at least one short-term, one intermediate, and one long-term financial goal.<br>Create an action plan in Microsoft® Excel® for accomplishing your goals.<br>Follow the Goal-Setting Guidelines described in Ch. 1 of Focus on Personal Finance to write your action plan.<br> <br>• This entire assignment must be presented in a single MS Excel® spreadsheet file (not in an MS Word® document).<br>• Use 2 separate sheets within a single file, 1 for the goals and a 2nd for the action plan.<br>• Follow guidance provided in the homework hint in the main forum.<br>• Format your spreadsheet professionally.<br> <br>
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FIN 420 UOP CourseTutorial For more course tutorials visit www.tutorialoutlet.com
FIN 420 UOP CourseTutorial FIN 420 Week 1 DQ 1(UOP Course) For more course tutorials visit www.tutorialoutlet.com Describe your current budgeting system. What factors influence your financial decisions? What are the benefits or concerns of your current budgeting system
FIN 420 UOP CourseTutorial FIN 420 Week 1 DQ 2(UOP Course) For more course tutorials visit www.tutorialoutlet.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?
FIN 420 UOP CourseTutorial FIN 420 Week 1 Individual Assignment Identify Personal Financial Goals(UOP) For more course tutorials visit www.tutorialoutlet.com FIN 420 Week 1 Individual Assignment Identify Personal Financial Goals Resources: Creating Financial Goals chart in Ch. 1 of Focus on Personal Finance
FIN 420 UOP CourseTutorial FIN 420 Week 2 DQ 1(UOP Course) For more course tutorials visit www.tutorialoutlet.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?
FIN 420 UOP CourseTutorial FIN 420 Week 2 DQ 2(UOP Course) For more course tutorials visit www.tutorialoutlet.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?
FIN 420 UOP CourseTutorial FIN 420 Week 2 Individual Assignment Worksheets 6 and 7(UOP Course) For more course tutorials visit www.tutorialoutlet.com FIN 420 Week 2 Individual Assignment Worksheets 6 and 7 Resource: Ch. 2 of Focus on Personal Finance Complete Worksheets 6 and 7 of Your Personal Financial Plan at the end of Ch. 2 of Focus on Personal Finance.
FIN 420 UOP CourseTutorial FIN 420 Week 2 LT Deliverable (Update on Final Project) (UOP Course) For more course tutorials visit www.tutorialoutlet.com FIN 420 Week 2 LT Deliverable (Update on final Project)
FIN 420 UOP CourseTutorial FIN 420 Week 3 DQ 1(UOP Course) For more course tutorials visit www.tutorialoutlet.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?
FIN 420 UOP CourseTutorial FIN 420 Week 3 DQ 2(UOP Course) For more course tutorials visit www.tutorialoutlet.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
FIN 420 UOP CourseTutorial FIN 420 Week 3 Individual Assignment Personal Financial Plan(UOP Course) For more course tutorials visit www.tutorialoutlet.com FIN 420 Week 3 Individual Assignment Personal Financial Plan Resources: Focus on Personal Finance and Worksheets 6 and 7
FIN 420 UOP CourseTutorial FIN 420 Week 3 LT Deliverable (Update on Final Project) (UOP Course) For more course tutorials visit www.tutorialoutlet.com FIN 420 Week 3 LT Deliverable (Update on Final Project)
FIN 420 UOP CourseTutorial FIN 420 Week 4 DQ 1(UOP Course) For more course tutorials visit www.tutorialoutlet.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
FIN 420 UOP CourseTutorial FIN 420 Week 4 DQ 2(UOP Course) For more course tutorials visit www.tutorialoutlet.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?
FIN 420 UOP CourseTutorial FIN 420 Week 4 Learning Team Assignment Market Analysis Proposal(UOP) For more course tutorials visit www.tutorialoutlet.com FIN 420 Week 4 Learning Team Assignment Market Analysis Proposal 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,
FIN 420 UOP CourseTutorial FIN 420 Week 4 LT Deliverable (Update on Final Project) (UOP Course) For more course tutorials visit www.tutorialoutlet.com FIN 420 Week 4 LT Deliverable (Update on Final Project)
FIN 420 UOP CourseTutorial FIN 420 Week 5 DQ 1(UOP Course) For more course tutorials visit www.tutorialoutlet.com Life insurance is a topic many people do not like to discuss, but understanding your family’s 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.
FIN 420 UOP CourseTutorial FIN 420 Week 5 DQ 2(UOP Course) For more course tutorials visit www.tutorialoutlet.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?
FIN 420 UOP CourseTutorial FIN 420 Week 5 Learning Team Assignment Evaluate a Financial Plan(UOP) For more course tutorials visit www.tutorialoutlet.com FIN 420 Week 5 Learning Team Assignment Evaluate a Financial Plan Your team is a Personal Finance Planning team. The head of your firm has asked you to create a draft of certain sections of a new company training manual relating to evaluation of a financial plan