5573.52

345.16

29000

1. Many locations require the renters be paid interest on their security deposits. If you have a security deposit of $1,150, how much would you expect a year at 3 percent?
2. Which mortgage would result in higher total payments?
Mortgage A: $985 a month for 30 years
Mortgage B: $780 a month for 5 years and $1056 for 25 years
3. JJ noticed that a corporation he is considering investing in is about to pay a quarterly dividend. The record date is March 15. In order for JJ to receive this quarterly dividend what is the last date that he could purchase stock in this corporation and receive this quarter’s dividend payment?
4. JT invested $15,000 in the AIM Charter Mutual Fund. The fund charges a 5.50 percent commission when sares are purchased. Calculate the amount of commission JT must pay.
5. Assume your gross pay per pay period is $2,0 and you are in the 33 percent tax bracket. Calculate your net pay and spendable income in the following situations.
a. You save $200 per pay period after paying income tax on $2,000.
b. You save $200 per pay period in a tax-sheltered annuity.
6. You are a Personal Financial Planner. Your client has hired you to provide an overview of common investment options, explain the current financial environment, and recommend the most suitable investment options based on personal financial goals. Assume your client has the same personal goals and tolerance for risk you identified for yourself in previous weeks. You may change or add goals, if necessary.

Resources: Key websites from the margins of Focus on Personal Finance
Address the following:

• List your client’s personal financial goals.

• Summarize the risk and return of three common investment options.

• Explain the current financial environment with regard to economic conditions, investment options, and your client’s personal financial goals.

• Describe the Investment Risk Tolerance of your client.

• Make a recommendation to your client as to which…