PFR-Online

UNIT #5 – SPENDING

ASSIGNMENT: K M – Fixing Your Credit – MATH & READING QUIZZES

KNOWLEDGE MATTERS HINTS:

LESSON: Diversification

GOAL: 

Invest $1,000 into each of two new International Stock Funds. Run the simulation until your portfolio value is at least $6,000.

SOLUTION:

The following is one of many possible solutions:

• Purchase $1,000 of Oak Intl Stock Fund, taking funds from your checking account.
• Purchase $1,000 of Select Intl Stock Fund, taking funds from your checking account.
• Run the simulation forward in time through the end of 2026 when the goal is met.

LESSON: Getting a Credit Card

GOAL: 

Pay your credit card debt down to zero.

SOLUTION:

The following is one of many possible solutions:

• On June 2, pay $500 towards your credit card bill by check.
• Run to July 2 and pay $500 towards your credit card bill by check.
• Run to Aug. 2 and pay $1000 towards your credit card bill by check.
• Run to Sept. 2 and pay $800 towards your credit card bill by check.
• Run to Oct. 2 and pay remaining balance of credit card bill by check.
• Run the sim forward to meet the goal.