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FIN 420 TUTORIALS Exciting Results FIN 420 Entire Course FOR MORE CLASSES VISIT www.fin420tutorials.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 TUTORIALS Exciting Results FIN 420 Week 1 DQ 1 FOR MORE CLASSES VISIT www.fin420tutorials.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 TUTORIALS Exciting Results FIN 420 Week 1 DQ 2 FOR MORE CLASSES VISIT www.fin420tutorials.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 TUTORIALS Exciting Results • FIN 420 Week 1 Individual Assignment Personal Finance Mission Statement • FOR MORE CLASSES VISIT • www.fin420tutorials.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
FIN 420 TUTORIALS Exciting Results FIN 420 Week 2 DQ 1 FOR MORE CLASSES VISIT www.fin420tutorials.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 TUTORIALS Exciting Results FIN 420 Week 2 DQ 2 FOR MORE CLASSES VISIT www.fin420tutorials.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 TUTORIALS Exciting Results FIN 420 Week 2 Individual Assignment Personal Finance Problems and Summary FOR MORE CLASSES VISIT www.fin420tutorials.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:
FIN 420 TUTORIALS Exciting Results FIN 420 Week 2 Personal Finance Quiz FOR MORE CLASSES VISIT www.fin420tutorials.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?
FIN 420 TUTORIALS Exciting Results FIN 420 Week 3 DQ 1 FOR MORE CLASSES VISIT www.fin420tutorials.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?
FIN 420 TUTORIALS Exciting Results FIN 420 Week 3 DQ 2 FOR MORE CLASSES VISIT www.fin420tutorials.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?
FIN 420 TUTORIALS Exciting Results • FIN 420 Week 3 Individual Problem Worksheet • FOR MORE CLASSES VISIT • www.fin420tutorials.com • 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
FIN 420 TUTORIALS Exciting Results FIN 420 Week 3 Learning Team Problems FOR MORE CLASSES VISIT www.fin420tutorials.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,
FIN 420 TUTORIALS Exciting Results FIN 420 Week 4 DQ 1 FOR MORE CLASSES VISIT www.fin420tutorials.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?
FIN 420 TUTORIALS Exciting Results FIN 420 Week 4 DQ 2 FOR MORE CLASSES VISIT www.fin420tutorials.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?
FIN 420 TUTORIALS Exciting Results FIN 420 Week 4 Individual Assignment Mutual Fund Evaluation FOR MORE CLASSES VISIT www.fin420tutorials.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:
FIN 420 TUTORIALS Exciting Results FIN 420 Week 4 Personal Finance Quiz FOR MORE CLASSES VISIT www.fin420tutorials.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?
FIN 420 TUTORIALS Exciting Results FIN 420 Week 5 DQ 1 FOR MORE CLASSES VISIT www.fin420tutorials.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 TUTORIALS Exciting Results FIN 420 Week 5 DQ 2 FOR MORE CLASSES VISIT www.fin420tutorials.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?
FIN 420 TUTORIALS Exciting Results FIN 420 Week 5 Individual Problem Worksheet FOR MORE CLASSES VISIT www.fin420tutorials.com Complete 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?
FIN 420 TUTORIALS Exciting Results FIN 420 Week 5 Team Assignment Financial Planning in Action FOR MORE CLASSES VISIT www.fin420tutorials.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
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