Assignment Questions In Section 3, you learned about personal finance. Now, you'll apply what you learned.

1. Write your answers to at least three of the Lesson 1 questions on the What You Want from Your Life page. (3-6 sentences. 3.0 points)

TIP: Separately, you can write out a vision statement for yourself. Since it's personal, you don't have to turn in your vision statement, but you should turn in your answers to at least three of the questions about what you want from your life.

2. List at least three of your financial goals. Explain whether they are short-term, intermediate, or long-term. (3-6 sentences. 1.5 points)

3. List at least three categories from your budget that show where your money will go. (1-3 sentences. 1.5 points)

4. List at least two features you would look for in a bank. (1-3 sentences. 1.0 points)

5. Describe two risks involved in banking, and explain how banks can protect against those risks. (2-6 sentences. 2.0 points)

6. Go to the Web site for a well-known bank, and read about the process for opening a new bank account. Describe the process here. (4-8 sentences. 3.0 points)

7. Calculate the ROI dollar amount and percentage for these example investments.

a. You invest $50 in a government bond that says you can redeem it a year later for $55. Use the instructions in Lesson 3 to calculate the ROI dollar amount and percentage. (3.0 points)

TIP: Subtract the initial investment from the total return to get the ROI dollar amount. Then divide the ROI dollar amount by the initial investment, and multiply that number by 100 to get the percentage.

b. You invest $200 in stocks and sell them one year later for $230. Use the instructions in Lesson 3 to calculate the ROI dollar amount and percentage. (3.0 points)

TIP: Subtract the initial investment from the total return to get the ROI dollar amount. Then divide the ROI dollar amount by the initial investment, and multiply that number by 100 to get the percentage.

8. Explain whether your priority in starting a company is making an equity investment or receiving income. Do you care more about selling the company for a profit, or about getting income from it? (1-3 sentences. 2.0 points)