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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