FIN 420 TUTORIALS Inspiring Minds

FIN 420 TUTORIALS Inspiring Minds/
FIN 420 TUTORIALS Inspiring Minds/

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FIN 420 TUTORIALS Inspiring Minds

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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 AssignmentWorksheets6
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 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?

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?

FIN 420 Week 1 Individual Assignment Personal F

inance 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

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?

FIN 420 Week 2 DQ 2

Many different types of financial institutions exist.

Differentiate between deposit institutions and nondeposit 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 Week 2 Individual Assignment Personal Finan

ce 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'sanswersto the questions including all
calculations and a summary of the results.

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?

FIN 420 Week 3 DQ 1

Evaluate your personal risk tolerance using Exhibit 112 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 Week 3 DQ 2

Financial experts agree that having an emergency

fund is an essential component of a comprehensive
financial plan. However,adviceregarding 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 Week 3 Individual Problem Worksheet

1. Complete Worksheet 37 in Focus on Personal

Finance, Your Financial Plan Evaluating Corporate
Bonds.
2. 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.

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?

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.

FIN 420 Week 4 DQ 2

Visit a site such aswww.bankrate.comto 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 Week 4 Individual Assignment Mutual Fu

nd 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

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?

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?

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?


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