CSU Financial Management Questions

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Instructions
1 -Now that you have a general idea about the financial environment and what it entails, think about
how it impacts you on a personal level. Your journal topic this week is to describe the risks that you
might face when making financial decisions over the next few years. How will what you have learned in
this unit impact these decisions?
Your journal entry must be at least 200 words in length. No references or citations are necessary.
2- Now that you have a general idea about the banking system and Federal Reserve, letÂ’s apply this
information to your own financial performance. Your journal topic this week: Discuss your banking
experiences. What has been challenging when it comes to banking? Is it surprising? Does your bank offer
additional services, such as online banking, financial planning, or budgeting tools? Explain.
Your journal entry must be at least 200 words in length. No references or citations are necessary.
3- Now that you have a better understanding of interest rates, consider a situation in which you need to
purchase a car for work. You have found a reliable car within your budget, but you are not sure whether
or not to finance the purchase. What questions would you need to consider before making such a
decision? What are some of the pros and cons of using credit?
Your journal entry must be at least 200 words in length. No references or citations are necessary.
4- Assume that your aunt recently gifted you $12,000. You are both excited and worried about what to
do with the money. You evaluated your options and came up with five possible uses:
1. pay off credit card debt,
2. set aside money for a major investment, such as a car or house,
3. invest the money in a retirement account,
4. use the money for career training/education, or
5. donate funds to a charitable organization that serves the needy within the community.
Which option would you choose? Go through each option and explain how the time value of money
concept affects each option. How does the time value of money concept play a part in your final
decision about the use of the $12,000 gift? Explain.
Your journal entry must be at least 200 words in length. No references or citations are necessary

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Explanation & Answer:
800 Words

Tags:
Financial Management

finance

Financial risk

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