FP 100 Entire Course NEW

UOP FP 100 Week 1 Economic Concepts
Worksheet NEW
Check this A+ tutorial guideline at
http://www.uopassignments.com/fp-100-
uop/fp-100-week-1-economic-concepts-
worksheet-recent
For more classes visit
http://www.uopassignments.com
FP 100 Week 1 Economic Concepts Worksheet
NEW
In this assignment, you explain key economic
concepts, both foundational and behavioral, and
describe how those concepts influence financial
decisions.
Review your Week 1 Learning Activities,
especially Ch. 1 of Focus on Personal Finance,
your Khan Academy, and Investopedia (located
in Additional Reading and Video Resources)
resources to assist you in completing this
assignment.
Submit your assignment to the Assignment Files
tab.
Economic Concepts Worksheet
Economics Concepts

especially Ch. 1 of Focus on Personal Finance,
Khan Academy Resources and Video Reflection,
and Investopedia Resources located in the
“Additional Reading and Video Resources” link
on your course page.
Respond to each of the following questions in
your own words. Each response should be at
least 50 words.
1. A nominal interest rate is defined as “the
opportunity cost of holding or using money.”
Explain what you understand this definition to
mean.
2. When the economy is in a recession, the
Federal Reserve usually cuts interest rates. Why
would the federal government do this?
3. How does your saving and spending profile
change depending on the state of the economy,
i.e., whether the economy is in a recession versus
expansion? Do interest rates play a role in your
decisions? Why or why not?

4. If interest rates are at a level of 1% and
expected inflation is 2%, would you prefer
saving or spending your money? Justify your
answer.
Behavioral Economics Concepts
especially the Investopedia Resources on
Behavioral Finance: Anchoring, Mental
Accounting, Herd Behavior, and Prospect Theory
located in the “Additional Reading and Video
Resources” link on your course page.
Choose two of the following concepts discussed
in this week’s materials.
 Anchoring
 Mental accounting
 Herd behavior
 Prospect theory
Define each in your own words and explain how
each could apply to your personal financial and
credit decisions. Your entire response should be
at least 100 words.

UOP FP 100 Week 1 Personal Monthly Budget
NEW
uop/fp-100-week-1-personal-monthly-
budget-recent
FP 100 Week 1 Personal Monthly Budget NEW
Math is part of our everyday lives as we decide
what we can and cannot spend. There is a certain
amount of money coming in, an amount that has
to go out toward necessities, and an amount that
goes out to other spending. In this assignment,
you will be creating a personal budget by
entering your numbers into an Excel®
spreadsheet.
Note: The spreadsheet has already been created
and the calculations will be done for you.
However, you will need to understand what the
numbers represent.
especially Ch. 2 of Focus on Personal Finance and
your iGrad Resources on Budgeting and

Financial Planning located in the “Additional
Reading and Video Resources” link.
Reflect on the money you have spent over the
past month, and look back at less frequent
expenses by considering what you have spent
over the past year.
Watch the Personal Monthly Budget Overview to
understand how to use the Excel® spreadsheet
in this assignment.
Complete your budget by entering your numbers
into the spreadsheet found in the “Week 1-
Personal Monthly Budget” tab of the Personal
Financial workbook. You will notice 3 tabs
located at the bottom of this workbook. Each tab
represents an assignment. You will use the
“Week 1-Personal Monthly Budget” tab for this
assignment.
Enter the amount you pay and how frequently
you pay it (select frequency from the drop-
down).
 If you do not have any expenses for this
category, enter a zero (0).
 If you have an expense but do not see a line for
it, enter it in one of the rows labeled Additional
Items.
 The Monthly Payment is the result of a
calculation. If it seems incorrect, edit the $
Amount or Frequency.

Your final step will be to answer the three
questions located at the end of the budget in the
spreadsheet.
Save all the data you entered into the budget
along with your responses.
Submit your completed budget in the workbook
to the Assignment Files tab.
Note: This Excel® workbook will be used again
for the Week 3 Education Funding and Job
Expenses assignment. The monthly income and
expenses you enter will carry over to the “Week
3-Education Funding” tab and “Week 3-Job
Expenses” tab in the workbook. You will
resubmit this same workbook after completing
the Week 3 assignment.

UOP FP 100 Week 2 Time Value of Money,
Opportunity Cost, and Income Taxes Worksheet
NEW
uop/fp-100-week-2-time-value-of-money-
opportunity-cost-and-income-taxes-
worksheet-recent
FP 100 Week 2 Time Value of Money,
Opportunity Cost, and Income Taxes Worksheet
NEW
Everyday we choose one financial decision over
another. Should we buy a cup of coffee or should
we save that money? What is the personal and
financial cost to us? In this assignment you
determine the time value of money and examine
opportunity cost, among other fundamentals of
economics and finance.
Review your Week 2 Learning Activities.
1. Use this Bankrate’s Simple Savings calculator
to complete Scenario 1:
http://www.bankrate.com/calculators/savings/
simple-savings-calculator.aspx. You will enter

the Initial Amount of Savings (Present Value),
Annual Interest Rate (Rate of Return), and
Number of Periods/Years into the calculator.
The calculator will compute the Future Values.
In this scenario you will look at the impact of
interest rates on your savings. Suppose that you
have $2,000 of savings. You don’t anticipate
needing to dip into these funds in the next five
years. Based on the information provided in the
table, calculate the future value (FV) of $2,000 at
the end of years 1 and 5 if it were to be
completely invested in each of the different cash
management products.
Enter your answers in the indicated cells of the
table below. The Restrictions/Fees on Product
Usage column relates to question 2 of Scenario 1.
2. Based on your calculations and on all you have
learned this week, how would you choose to save
your $2,000? Consider things such as rate of
return, inflation, taxes, liquidity, safety,
restrictions, and fees, and explain the rationale
for your decision. Respond in at least 50 words.
<Write response here.>

Scenario 2: Time Value of Money / Compounding
Interest
3. Use this Bankrate’s Simple Savings calculator
to complete Scenario 2:
http://www.bankrate.com/calculators/savings/
simple-savings-calculator.aspx. You will enter
the Initial Amount of Savings (Present Value),
Annual Interest Rate (Rate of Return), Interest
Compounded, and Number of Periods/Years into
the calculator. The calculator will compute the
Future Values.
In this scenario you will start with a big deposit
and see how interest, compounding, and time
will change the balance over time. Suppose that
you inherit $10,000 from your late uncle. You
save this money and do not deposit any more
money to the account. Determine how much
money you would have at the end of each of the
periods for each of the scenarios in the table
below, assuming that you don’t make any
withdrawals from the account over the period.
Enter your answers in the indicated cells of the
table below:
4. Based on your calculations above, explain in
your own words the impact of compounding
interest.

Scenario 3: Cost of Credit / Opportunity Cost /
Trade-Offs
5. In this scenario you will calculate the monthly
payment and total interest paid on a car loan.
Suppose that you need $15,000 to buy a used
vehicle to get back and forth to work and school.
You have $7,500 in a money market fund earning
1.00% per year, but you are not sure you want to
use any or all of that money.
Using the tables in Exhibit 1-D, located on pp. 42-
43 in the Ch. 1 Appendix of Focus on Personal
Finance, determine the total amount of payment
due at the end of each year, and divide by 12 to
estimate the monthly payment for each of the
following loan scenarios. Also, calculate the total
amount of interest you would pay over the life of
each loan. Be sure to show your work for
opportunities to earn partial credit, where
applicable.
For example, if you have the correct formula but
put a decimal in the wrong spot you could earn
partial credit. The first row in the table has been
completed to demonstrate you how work can be
shown. Based on the above calculations, the
price of the car, and the money available in a

money market fund, which loan option would
you suggest to someone purchasing a vehicle?
Please explain the rationale and considerations
for your decision.
7. In your own words, how would you summarize
“opportunity cost”? How does the concept of
opportunity cost apply to this decision? Explain
in a brief paragraph.

UOP FP 100 Week 3 Education Funding and Job
Expenses NEW
uop/fp-100-week-3-education-funding-and-
job-expenses-recent
FP 100 Week 3 Education Funding and Job
Expenses NEW
For this assignment, you will use the Personal
Financial Workbook from Week 1. In Week 1,
you used the “Week 1-Personal Monthly Budget”
tab. For this week, you will use the “Week 3-
Education Funding” tab and “Week 3-Job
Expenses” tab. If you made any adjustments to
your Week 1 budget after receiving feedback and
grades, please use that version of the workbook.
This is important because some calculations you
do this week will be based on the totals from
your Personal Monthly Budget.
especially Appendix A of Focus on Personal
Finance and your iGrad Resources and
Investopedia Resources located in the

“Additional Reading and Video Resources” link.
Read the Education Funding and Job Expenses
Instructions.
Watch the Education Funding Tutorial and the
Job Expenses Tutorial videos for assistance with
this assignment.
Complete the “Week 3-Education Funding” tab
and “Week 3-Job Expenses” tab in the Personal
Financial Workbook for this assignment.
Submit your completed assignments in the
workbook to the Assignment Files tab.

UOP FP 100 Week 3 The Cost of Credit Card
Usage Worksheet NEW
uop/fp-100-week-3-the-cost-of-credit-card-
usage-worksheet-recent
FP 100 Week 3 The Cost of Credit Card Usage
Worksheet NEW
How much interest are you paying on your credit
cards? How much are you actually paying when
you charge something to a credit card? You are
not using your own financial information in this
assignment, but it is designed to demonstrate
your understanding of the cost of credit.
especially Focus on Personal Finance, Ch. 5, the
Khan Academy Video Reflection, and your iGrad
Credit Card Module.
tab.
Review Ch. 5 of Focus on Personal Finance, your
Week 3 Khan Academy Video, and your iGrad

Credit Card Module for support in completing
this assignment.
1. Calculate the following using the Bankrate
calculator. You may use the Bankrate calculator
for the remainder of the questions on this
worksheet.
2. In the “Impact of Interest Rates” example, a
5% interest rate difference results in how much
extra interest paid when making only a required
minimum monthly payment equal to the
monthly interest, plus 1% of the outstanding
balance?
3. In the “Impact of Payment Amounts” example,
how much total interest would you save by
making a fixed payment of $100 per month
instead of the required minimum payment equal
to the monthly interest, plus 1% of the
outstanding balance?
4. How much quicker would you be able to pay
off the $2,000 credit card balance by making a
fixed payment of $100 each month instead of the
required minimum payment?

5. Assume you have a friend who is making the
minimum monthly payments on a credit card.
Your friend asks your thoughts on what he or she
is doing. Based on these calculations and what
you have learned, how would you advise your
friend about making only minimum payments?
Your response should be at least 100 words.
6. The chart above looks at paying off a credit
card balance and assumes you will not be using it
while paying it down. In these minimum
payment examples the balance decreases by only
1% each month. Most of us will use credit cards
throughout the year, and that means we may
carry a balance past the grace period. Assuming
you were trying to pay off the balance while still
using the card, what actions must you take? Your
response should be at least 100 words.
7. What recommendations would you make in
regards to properly managing credit card usage
and repayment? Your response should be at
least 100 words.
8. Which one of these two card options would
you choose for your personal use? Provide
support for your decision, considering which
three attributes are most important to you and

trade-offs that you are willing to accept. Your
response should be at least 100 words.

UOP FP 100 Week 4 Credit History Worksheet
NEW
uop/fp-100-week-4-credit-history-
worksheet-recent
FP 100 Week 4 Credit History Worksheet NEW
What are the factors affecting credit history and
credit scores? How can awareness of these
factors assist you in financial planning? This
week’s Credit History Worksheet Assignment
supports your understanding of these critical
factors in financial planning.
especially Focus on Personal Finance, Ch. 5, and
the iGrad resources.
tab.
Credit Scores
Go to the Fair Isaac Co. website:
www.myfico.com. (Do not buy a credit score

unless you choose to do so.) For this activity, go
to “Learn about scores.” Review this page, and
follow the link to “What’s in your score?” From
this page, follow the links to learn more about
credit scores.
Note: You do not have to share your personal
credit score or other details in this worksheet.
Using what you have learned about credit scores,
respond to each of the following questions in a
minimum of 50 words:
1. What is a credit score? When and why is a
credit score important?
2. What are the top two factors in your FICO
score? What actions can one take to earn the
most points in these categories to improve a
FICO score?
3. Your credit score can impact how much you
pay on credit you use throughout your life. Enter
the four fields into this calculator to estimate
how much more you might pay over time. First,
try it with your current estimated credit score;
then, move the slider to see how much less you
would pay with a higher score, and then how
much more you would pay with a lower score.

4. In at least 50 words, how would you
summarize the results of the Credit.com
calculator?
Credit Reports
Goto www.annualcreditreport.com, the only site
authorized by the Federal Trade Commission to
provide free consumer credit reports. Request
one free credit report from one of the three
credit reporting agencies (if you are unable to
download a report, complete this activity using a
sample credit report from www.experian.com).
Using what you have learned about credits
reports, respond to each of the following
questions in a minimum of 50 words:
1. What type of information is included on a
credit report?
2. How long might negative credit history, such
as a 60-day delinquency, remain on your credit
report? If any negative history is incorrect, what
steps would you take to correct the error?
3. What did you find surprising about credit
reports?

UOP FP 100 Week 4 Homes Renting and Buying
Worksheet NEW
uop/fp-100-week-4-homes-renting-and-
buying-worksheet-recent
FP 100 Week 4 Homes Renting and Buying
Worksheet NEW
Home ownership–is it still a part of your
American dream? Are you a home owner or do
you plan on being one? What are the pros and
cons of renting versus buying? This assignment
gives you a better idea of what to expect in each
case.
especially Focus on Personal Finance, Ch. 7.
Complete the Homes: Renting and Buying
worksheet.
tab

UOP FP 100 Week 5 Retirement Planning
Worksheet NEW
uop/fp-100-week-5-retirement-planning-
worksheet-recent
FP 100 Week 5 Retirement Planning Worksheet
NEW
Thinking about retiring? How will you manage
it? Use this opportunity to plan ahead and
complete the Retirement Planning Worksheet
with an eye towards your future.
Complete the Retirement Planning worksheet.
tab.

UOP FP 100 Week 5 Investment Planning
Proposal (2 Papers) NEW
uop/fp-100-week-5-investment-planning-
proposal-2-papers-recent
FP 100 Week 5 Investment Planning Proposal (2
Papers) NEW
This Tutorial contains 2 Papers
FP 100 Week 5 Investment Planning Proposal
Financial advice: we can all use at least some,
right? In this assignment you give that advice in a
scenario we have drafted. Based on what you
have learned in this course, what is the financial
planning advice you would give? Answer this by
completing the assignment.
Complete the Investment Planning Proposal.
 Review the Instructions for the Investment
Planning Proposal.
 Use the APA Sample Template to write and
submit your proposal.

 Format your assignment according to
appropriate course-level APA guidelines.
 Your proposal includes two to three APA-
formatted references. See the Citation Generator
for assistance, if needed.
Submit your completed proposal to the
Assignment Files tab.

FP 100 Entire Course NEW

Recommended

Recommended

More Related Content

Similar to FP 100 Entire Course NEW

Similar to FP 100 Entire Course NEW (11)

More from shyamuopten

More from shyamuopten (20)

Recently uploaded

Recently uploaded (20)

FP 100 Entire Course NEW