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5 Jan Throng invested $ 24,000 in the Invesco Charter Mutual Fund . The fund charges a 5.50 percent commission when shares are purchased . Calculate the amount of commission Jan must pay . 6 Betty and James Holloway invested $ 52,000 in the Financial Vision Social Responsibility Fund . The management fee for this fund is 0.60 percent of the total asset value . Calculate the management fee the Holloways must pay . 7 For four years , Marty Campbell invested $ 4,000 each year in Newsome Golf Apparel . The stock was selling for $ 32 in 2008 , $ 45 in 2009 , $ 35 in 2010 , and $ 50 in 2011 . What is Marty ’ s total investment in Newsome Golf ? 8 Wallace Davis purchased 200 shares of Dell stock at $ 14.50 a share . One year later , he sold the stock for $ 11 a share . He paid his broker a $ 22 commission when he purchased the stock and a $ 24 commission when he sold it . During the 12 months he owned the stock , the company paid no dividends . Calculate Wallace ’ s total return on this investment . --------------------------------------------------------------------------------------- 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 family ’ s 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 ? --------------------------------------------------------------------------------------- FIN 420 Week 5 DQ 2