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Visit a site such as www. bankrate. com to determine current rates for both a 60-month and a 36-month loan on a new car where the buyer must finance $ 20,000. Using the loan calculator, what is the difference in monthly payments between the 60-month loan and the 36-month loan? Review the amortization tables. What is the difference in total interest one would pay over the life of these two loans? What do these differences show you about the true cost of the car?. =================================================== FIN 420 Week 4 Individual Assignment Mutual Fund

Evaluation

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Choose a mutual fund family such as Vanguard, American Funds, T. Rowe Price, and so forth. Identify one mutual fund from that family for each of the following categories: Actively managed common stock fund Fixed income fund Balanced fund International fund Fund devoted to retirement investing Write a 350- to 700-word mutual fund evaluation for each mutual fund using the worksheet of your financial plan as a template. Include the following in your evaluation: Analysis of the characteristics of each fund Recommendation of the type of investor to which each fund is suited =================================================== FIN 420 Week 4 Personal Finance Quiz