FIN 420 Experience Tradition/newtonhelp.com

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FIN 420 Experience Tradition/newtonhelp.com
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FIN 420 Entire Course 

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• FIN 420 Week 1 Individual Assignment Identify
  Personal Financial Goals
• FIN 420 Week 1 DQ 1
• FIN 420 Week 1 DQ 2
• FIN 420 Week 2 Team The Johnsons

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FIN 420 Week 1 DQ 1 

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• 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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FIN 420 Week 1 DQ 2 

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• 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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FIN 420 Week 1 Individual Assignment Personal
Finance Mission Statement 

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• 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
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FIN 420 Week 2 Case Study Carol Jones 

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• FIN 420 Week 2 Case Study Carol Jones
• Case Study Carol Jones
• Carol works as a business representative for an
  import/export company. Her job provides her with
  the opportunity to travel and experience new
  things. Because she travels so much, Carol feels
  that she does not have a handle on her finances.
  She has decided to pay a visit to a financial
  advisor for help.

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FIN 420 Week 2 DQ 1 

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• 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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FIN 420 Week 2 DQ 2 

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• 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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FIN 420 Week 2 Team The Johnsons 

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• FIN 420 Week 2 Learning Team The Johnsons
• Review Case 1, The Johnsons Decide to Buy a
  Car, p. 245.
• Complete the questions.
• Click the Assignment Files tab to submit your
  assignment.

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FIN 420 Week 3 Bond Ratings 

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• FIN 420 Week 3 Bond Ratings
• Research bond information within the University
  Library or the Internet.
• Answer the following
• What type of information about bonds is available
  on the Internet? How can you use this information
  within your personal or professional life? (90-
  to 175-words)
• Explain what the following bond ratings mean for
  investors (20 to 40 words each)

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 FIN 420 Week 3 DQ 1 

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• 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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FIN 420 Week 3 DQ 2 

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• 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?

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FIN 420 Week 3 Team Mutual Funds Analysis 

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• FIN 420 Week 3 Team Mutual Funds Analysis
• Research 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.

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FIN 420 Week 4 DQ 1 

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• 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 Week 4 DQ 2 

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• 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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FIN 420 Week 4 Team Life Insurance Paper 

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• FIN 420 Week 4 Team Life Insurance Paper
• Write a 1,150- to 2,000-word paper about life
  insurance that explains some basics to a
  potential purchaser.
• Include the following
• Compare and contrast the various forms of life
  insurance.
• Describe the provisions of life insurance
  policies.
• Evaluate and explain the methods used to
  calculate life insurance needs, and

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FIN 420 Week 4 Team Life Insurance Presentation 

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• FIN 420 Week 4 Team Life Insurance Presentation
• Include the following
• Compare and contrast the various forms of life
  insurance.
• Describe the provisions of life insurance
  policies.
• Evaluate and explain the methods used to
  calculate life insurance needs, and
• Make any general recommendations.

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FIN 420 Week 4 Textbook Problems 

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• FIN 420 Week 4 Textbook Problems
• Write a 175- to 350-word response to Case 6 on p.
  317 in Ch. 10 of Personal Finance.
• Complete Do the Math, 2 on p. 344 in Ch. 11 of
  Personal Finance.
• Complete 1, Calculating Life Insurance Need,
  on p. 376 in Ch. 12 of Personal Finance.
• Click the Assignment Files tab to submit your
  assignment.

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FIN 420 Week 5 DQ 1 

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• 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?

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FIN 420 Week 5 DQ 2 

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• 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?

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FIN 420 Week 5 Research and Reflect 

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• FIN 420 Week 5 Research and Reflect
• Choose one major concept from this course.
• Research this concept within the University
  Library.
• Write a 350- to 700-word summary of your research.

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FIN 420 Week 5 Team Scenario Assignment 

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• FIN 420 Week 5 Team Scenario Assignment
• Choose one of the four following life situations
• Husband/wife, two kids, 1 income, mortgage, good
  salary, some savings, and no college fund.
• Divorced, 55 years old, 1.2 million, 2 kids in
  college, and no debt.
• 24-year-old single woman, college graduate,
  engineer, and 20,000 savings.

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FIN 420 Experience Tradition/newtonhelp.com