FP 120 ENTIRE COURSE | University Of Phoenix

FP 120 ENTIRE COURSE | University Of Phoenix 

FP 120 ENTIRE COURSE
 
 
WEEK  1
FP 120 Week 1 Individual Assignment Personal Financial Portfolio Project: Part 1
 
Reading and listening are great ways to learn, but there’s no substitute for diving in and doing. That’s where the Personal Financial Portfolio, or PFP, comes into play. The PFP is a Microsoft® Excel® workbook you are going to use throughout the course to do some real hands-on learning.
Download a Personal Financial Portfolio Workbook and the corresponding Instruction Booklet from the student website to get started.
Using your own financial data
To get the most out of the PFP, you’re strongly encouraged to choose the workbook and instructions titled PFP - Your Profile and work with your personal financial data.
Regardless of the financial issues you might have—credit card debt, IRS debt, inadequate insurance, and so forth—your financial situation is nothing to be ashamed of. Nobody’s perfect; everyone has problems. Working with your own financial data means you will be able to tweak, analyze, and learn from it so you can stand in your truth and get started down your path to financial freedom.
Although it’s true that you’ll submit your PFP to your facilitator, it will remain strictly confidential.
Using the data from a fictitious profile
If you’re not comfortable sharing your personal financial data, that’s okay. There are six fictitious PFP profiles you can work with instead, which are listed in the University of Phoenix Material: Fictitious PFP Profiles.
Read the descriptions of the profiles in the Fictitious PFP Profilesdocumentlocated on the student website.
Download the workbook and instructions corresponding to the fictitious profiles, but only if you do not want to use your personal financial data.
Even if you choose to work with one of the fictitious profiles, you should also download and save the PFP - Your Profile workbook and its directions. You may not use it now, but because it is such a valuable tool to understanding your own personal financial situation, you will want it later.
Save all workbooks and instruction booklets to a convenient place on your computer, such as your desktop, where you can access it easily. You will use the same workbook to complete each week’s PFP assignment.
Open the Personal Cash-Flow Statement worksheet from the workbook you selected for your assignments.
Follow the (PFP) Personal Cash-Flow Statement instructions in the instruction booklet you selected to complete this week’s PFP assignment.
Submit your Personal Financial Portfolio as directed by your facilitator.
 
 
WEEK 2 
 
FP 120 Week 2 Individual Assignment Personal Financial Portfolio Project: Part 2
 
In the workbook you selected for your PFP assignments complete the following sections:
Cash-Savings Strategies
Itemized Debt
Investigate Education Funding
Open the corresponding worksheets titled “Cash-Saving Strategies,” “Itemized Debt,” and “Investigate Education Funding.”
Follow the instructions to complete each worksheet in the instruction booklet you selected.
Submit your Personal Financial Portfolio as directed by your instruc
 
 
FP 120 Week 2 Individual Assignment Week 2 Quiz
 
Complete the Week 2 Quiz.
 
Essential of Personal Finance
Week Two Quiz
 
 
 
 
 
Please answer the following multiple choice questions. You can underline the correct answer or highlight it in a color or just post the correct “a”, “b” etc by the appropriate questions. Just so long as I can understand what your choice is for the answer.
 
 When done please submit your quiz/answers through the appropriate channels for the New Classroom. You have until the end of this class week (Monday mid-night Arizona time to complete this quiz and have it posted for grading). Good luck to all of you I am sure you will all do a great job on this.
 
 

  1. What does Suze identify as a primary emotion preventing people from achieving financial freedom?
    1. Love
    2. Fear
    3. Hate
    4. Joy

 

  1. What is a monthly cash-flow statement?
    1. A record of your variable and fixed expenses
    2. A record of your variable expenses only
    3. A record of how much money you have coming in and how much you have going out
    4. A record of your fixed expenses only

 

  1. Why is a monthly cash-flow statement averaged over 12 months?
    1. It takes a year to get a feel for how much money you really spend.
    2. Some expenses only occur once a year, twice a year or seasonally, so they need to be averaged over a year.
    3. To take into consideration any bonuses that you may get.
    4. The amount you earn from investments changes each month.

 
4.      Which of the following is considered “unsecured” debt?
a.       A mortgage
b.      A car loan
c.       A 401k loan
d.      Credit-card debt
 
5.      Which is the best way to pay off credit-card debt?
a.       Dip into your emergency savings.
b.      Pay the largest portion you can afford from your salary every month.
c.       Take out a loan from your 401k at a lower interest rate than the credit card.
d.      Use a HELOC (Home Equity Line of Credit) to pay off your balance.
 
6.      In the event of bankruptcy, which of the following cannot be taken from you?
a.       A 401k retirement account
b.      Emergency savings
c.       Stock investments
d.      Money in your checking account
 
7.      Which of the following is considered a “very good” credit score:
a.       Above 440
b.      Above 760
c.       Above 570
d.      Above 1000
 
8.      Which of the following is NOT a credit score bureau?
a.       Equifax
b.      Experian
c.       TransUnion
d.       Fair Isaac Corporation (FICO)
 
9.    When you have paid off debt on a high-interest credit card, what should you do with the account?
a.       Charge small amounts on the card to keep it in use.
b.      Transfer some of your other debt to the card you’ve just freed up.
c.       Close the account.
d.      Cut up the credit card or stash it in a safe place.
 
10.   When selecting and using a debit card, you should avoid:
a.       Monitoring your account every other day.
b.      Prepay cards that allow you to load more money onto them.
c.       Debit cards tied to your checking account.
d.      Overdraft protection that allows you to spend more than you have.
 
11.  Which of the following is the most effective way to improve your credit score?
a.   Pay your bills on time.
b.   Reduce your debt-to-credit-limit ratio.
c.   Never exceed your credit limit.
d.  Close your credit-card accounts as soon as you pay them off.
 
12.  When you have serious credit card debt, where is the best place to seek help?
a.   From a debt consolidation company.
b.   From an independent consumer credit counseling agency, such as AICCCA or the National Foundation for Credit Counseling.
c.   From a credit deferral service.
d.   From a private loan organization, such as a bank or credit union.
 
13.  What is the best type of loan to take out for education?
a.   A federal student loan—the most common is the Stafford loan
b.   A private loan through a credit union
c.   A home equity line of credit
d.   A line of credit with a high monthly limit
 
14.  Students should aim to keep their total student loan debt to:
a.   Less than the salary they are likely to make their first year out of school
b.   Less than 200% of their first-year salary
c.   About the total cost of four years of their education
d.   Less than 150% of their first-year salary
 
15.  Private bank loans for education are not the best way to finance your education because:
a.   They have a variable interest rate that can skyrocket
b.   Their interest rate increases by 1% every year
c.   They are flexible with repayment options
d.   They can be consolidated with your federal loans
 
16.  What are two ways you can delay student loan payments?
a.   Deferment or payment desist
b.   Deferment or forbearance
c.   Deferment or exoneration
d.   Deferment or sequesterment
 
17.  What is the difference between a subsidized and an unsubsidized Stafford loan?
a.  A subsidized loan is based on student need, whereas an unsubsidized loan is available to any student, regardless of financial need.
b.  A subsidized loan is interest-free for the first 36 months after graduation; an unsubsidized loan is interest-free for only 6 months after graduation.
c.  A subsidized loan does not have to be paid back on the death of a student, but an unsubsidized loan has to be.
d.  A subsidized loan is only available to foreign students.
 
18.  What is the first step you must take to "stand in your truth" financially?
a.       Create a personal cash-flow statement that enables you to compare your monthly income and expenses.
b.      Write down your financial goals and say them aloud daily.
c.       Examine the mistakes your parents made with money and vow not to repeat them.
d.      Find five ways to trim your expenses by at least 10%.
 
19.  The smartest way to build an emergency fund is to:
 
a.       Set aside small amounts monthly through an automatic savings plan
b.      Open a home equity line of credit (HELOC) that you can tap into in case of emergency
c.       Take out multiple credit cards with high credit limits that you can tap into in emergencies
d.      Go on a strict budget and save as much as possible until you have an emergency fund
 
 
20.  Where is the best place to keep your emergency savings?
a.       A 12-month bank certificate of deposit insured by the FDIC (Federal Deposit Insurance Corporation)
b.      A bank or credit-union savings account insured by the FDIC or NCUA W
c.       A money-market mutual fund with the highest rate available
d.      A diversified target-date mutual fund
 
 
 
 
 
 
 
 
 
WEEK 3
 
FP 120 Week 3 Individual Assignment Personal Financial Portfolio: Part 3
 
In this week’s PFP exercise, you will not only work in the PFP workbook, but you will also use Suze’s online Insurance Evaluator to research your current insurance coverage and find detailed information for your specific needs.
Open the Insurance Evaluator worksheet in the workbook you selected for your PFP assignments.
Follow the (PFP) Insurance Evaluator instructions in the instruction booklet.
Click on Suze’s Insurance Evaluator link. After acknowledging that this link will take you away from eCampus, this link will redirect you to Suze’s online Insurance Evaluator, where you will be able to access the Insurance Evaluator program at no additional cost.
Create your own personal account on the site following the online instructions.
Note. This account is separate and apart from the account you created to access the Must Have Documents program. Remember, any information you provide on Suze’s website is kept confidential.
 
Keep your username and password handy so that you can return to and use the site when the course is complete.
While you are actively participating in the course, you will be able to access the program via the link.
Use the Insurance Evaluator by following the directions and links on the website to research various types of insurance, ask questions, track your home inventory, and dig deeper using her other tools and features.
Submit your Personal Financial Portfolio as directed by your facilitator.
 
 
 
FP 120 Week 3 Individual Assignment Week 3 Quiz
 
Complete the Week 3 Quiz
 
 
Please answer the following multiple choice questions. When done please post to your individual Grade Book tab or into your individual class e-mail account. You have until the end of this class week (Monday mid-night Arizona time to complete this quiz and have it posted for grading). Good luck to all of you I am sure you will all do a great job on this.

  1. The key to financial freedom is to:
    1. Get a higher-paying job, so you have more money to buy the things you want
    2. Always live below your means but within your needs, regardless of your income
    3. Borrow money at a low interest rate and invest it to hopefully get a higher average annual rate of return
    4. Make sure you have enough coming in each month to equal what's "going out" in spending

2.    You are on the path to financial freedom when:

  1. You get more pleasure out of saving than spending
  2. You have just enough to cover your monthly bills
  3. You have an eight-month savings plan tucked away
  4. You have all your credit cards paid off in full

3.    The best way to start taking control of your financial life is to:

  1. Promise yourself that starting today, you will not spend more each month than you earn
  2. Create a budget!
  3. Understand that you define your money; your money can never define you
  4. Hire a financial advisor to create an investment program for your retirement plan

4.    If the money you have coming in each month (your take-home pay) is less than the money going out each month to pay the bills, you should:

  1. Make up the difference by using a credit card with a very low interest rate
  2. Stop paying your credit card in full; paying just the minimum due gives you more money each month
  3. Look through your spending for the single biggest expense you can eliminate completely to make your income equal your outgo
  4. Find ways to trim spending from multiple spending categories till you have made up the shortfall

5.    To intelligently reduce your spending over the long term:

  1. Mark all the "needs" in your spending categories and get rid of them completely
  2. Never carry cash or credit cards on your person
  3. Consider scaling back on the frequency of certain expenses, such as how many times a month you eat out or go to the movies
  4. Limit your trips to stores or malls to just once a month

6.    If you have your heart set on a $100 purchase that you want but you know you can't afford, your best move is to:

  1. Stand in your truth and do not make the purchase
  2. Ask a friend or family member for a loan that you promise to repay
  3. See if you can cut your spending on other items by $100, so you can afford the purchase
  4. Wait for it to go on sale; once it is 20% less expensive, it's a great deal

7.    The smart way to pay for things when you have credit-card debt is to:

  1. Use only a debit card that has overdraft protection
  2. Use only a debit card that does not have overdraft protection
  3. Use only a credit card that has a 0% interest rate so you can pay it off over time
  4. Pay with cash

8.    Why isn't it smart to rely only a debit card?

  1. Not all stores accept debit cards.
  2. You might be unable to make a purchase if your card is rejected because your balance is too low.
  3. It's becoming harder and harder to earn rewards on debit cards.
  4. Your debit-card transactions are not reported to the credit bureaus.

9.    Your emergency savings fund should be enough to cover:

  1. $1,000 in unexpected expenses, such as a car repair
  2. Your rent or mortgage for three months
  3. All your living expenses for eight months
  4. A 10% increase in your monthly spending for "needs"

10. The best way to build an emergency fund is:

  1. As quickly as possible--it is the only money goal you should focus on until you have eight months of living costs saved up
  2. Over time, through automatic monthly deposits into an easily accessible account at a financial institution
  3. To open credit cards with high credit limits you can tap into in case of an emergency
  4. To borrow from friends or family

11. The best place for your emergency savings fund is:

  1. In a liquid account at a bank or credit union that offers you the highest interest rate possible
  2. In a fireproof safe within your home; you want to be able to get to your money quickly in an emergency!
  3. In your checking account or your debit-card account so you can get it right away--keep a mental note of what part of your balance is to be spent only on emergencies
  4. In a Roth IRA--you can always withdraw your contributions without a penalty or tax

12. How do you make sure the money you deposit at a bank or credit union is 100% safe--that you are guaranteed to get every penny back no matter what?

  1. Keep the money in a checking or savings account, not a money-market fund.
  2. Keep cash in a safe-deposit box at a bank that you have access to seven days a week.
  3. Just make sure your balance is never more than $50,000 at a single bank or credit union, because that is the limit that financial institutions can guarantee.
  4. Confirm that a bank is a member of the Federal Deposit Insurance Corp. (FDIC) or a credit union is a member of the National Credit Union Share Insurance Fund (NCUSIF), and never have more in your account than the maximum insured amount.

13. What is the maximum dollar amount the FDIC ensures in a single account?

  1. $150,000
  2. $200,000
  3. $250,000
  4. $500,000

14. Why should couples pay bills together?

  1. To keep an eye on each other
  2. Because it reduces the finger-pointing and blame game when there is a shortfall
  3. Because misery loves company
  4. To see who is spending more on wants

15. What should you do with items in your home you have not used for six months to a year?

  1. Start to use them right now, or you will have wasted the money you spent to buy them.
  2. Box them up and put them in the garage or storage just to get them out of your living space.
  3. Gather them up and donate them to a charity, or try to sell them at a garage sale and donate what does not sell.

4.  Ask yourself why you bought this item in the first place if you have not been using it.
 
16. How much money should you have in your emergency savings account?
 
1.    An amount equal to eight months of your living expenses
2.    An amount that will safely cover your bills for three to six months
3.    An amount between $2,500 and $5,000 to cover sudden, unexpected expenses
4.    Three months of your wages
 
17. Level term life insurance is best described as:
 
1.    Life insurance that remains in effect for a person's entire life (the term)
2.    Life insurance in which you pay the policy in full over a set period (the term), but the policy remains in force for life
3.    Life insurance that provides coverage at a fixed rate of payments for a set period of time (the term)
but the policy remains in force for life
4.    Life insurance that provides coverage at a fixed rate of payments for a set period of time (the term)
5.    Life insurance that pays out upon the policyholder's death and also accumulates value during the policyholder's lifetime.
 
18.  A good way to reduce the cost of your car, home, and health insurance is to:
1.    Raise the deductibles on your policies
2.    Reduce your coverage to the minimum
c.    Keep your auto and home policies with different companies
d.    Suspend your coverage for a limited time
 
19.  The four documents you must have to protect your family are:
a.    A will, an irrevocable trust, an advance directive, and a durable power of attorney
b.    A will, a living revocable trust, a durable power of attorney, and an advance directive
c.    A prenuptial agreement, a will, a bypass trust, and a living will
d.    An emergency information form, a will, a living revocable trust, and an advanced directive.
 
20.  If your income drops and you can no longer afford private school for your children, you should:
 
a.    Put your family first by reducing retirement contributions and using the money to pay for tuition for your children
b.    Use your emergency savings to cover tuition until your income increases
c.    Consider moving your child to a good public school, even if you have to move to a different community
d.    Apply for a private education loan at your bank or credit union
 
 
 
WEEK 4
 
FP 120 Week 4 Individual Assignment Personal Financial Portfolio: Part 4
 
In the workbook you selected for your PFP assignments:
Open the worksheet titled “Retirement Choices” and “Evaluating Investments.”
Follow the instructions titled “(PFP) Retirement Choices” and “(PFP) Evaluating Investments” in the instruction booklet you selected to complete this week’s PFP assignment.
Submit your Personal Financial Portfolio as directed by your instructor.
 
 
FP 120 Week 4 Individual Assignment Week 4 Quiz
 
 
Complete the Week 4 Quiz.
 
 
Essential of Personal Finance
Week Four Quiz
 
 
 
 
 
 
Please answer the following multiple choice questions. When done please post to your individual Grade Book tab or into your individual class e-mail account. You have until the end of this class week (Monday mid-night Arizona time to complete this quiz and have it posted for grading). Good luck to all of you I am sure you will all do a great job on this.
   

Answer Detail

Get This Answer

Save Time & improve Grades

  • Questions Asked 685072
  • Experts 5361
  • Total Answered 659177

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Our Amazing Features

  • Plagiarism Free Work

    Our experts provide 100 % original and customized work On time Delivery

  • 24*7 Customer Support

    We provide 24*7 online customer supports via online chat or email

  • Cover All Subject

    JQA is one stop solution for all subject’s Assignment. We can provide assignment help for almost all subjects.

  • Best Industry experts

    We have 1000+ PHD and Post Graduate experts.

Refer Just 5 Friends to Earn More than $1000

  • Your Approx Earning

    USD 2350/year

Your Custom Referral Link:

Hire a tutor

Assignment hero

USA

I am an experienced tutor of 7+ years in all math, physics, and Spanish, SAT, and ACT tutoring. I love working with students and seeing them improve on and grasp concepts!

Guru

USA

Need help in Maths and science ? Look no further . contact me so i can help you . i have been a academic tutor for 10 years . Hire me for help in assignments.

Vikas

USA

After 13 years of working with students across the country, we have the experience and knowledge to provide the best possible academic support for your academics.

Rgaurav

India

I have experience teaching AP Calculus AB and BC, Algebra I, Algebra II, Trigonometry, SAT Math Preparation, and Geometry. I have tutored students ranging from 8th grade to college students.

Invite Tutor