I need help please with these lessons they are over due and I'm stuck.

GBS132 Personal and Family Financial Security Lesson 4: Exercise 1. Suppose that someone stole your ATM card and withdrew $850 from your checking account. How much money could you lose (according to federal legislation) if you reported the stolen card to the bank: (a) the day the card was stolen, (b) 6 days after the theft, (c) 65 days after receiving your periodic statement. (a) the day the card was stolen (b) 6 days after the theft (c) 65 days after receiving your periodic statement If your credit, ATM, or debit card is lost or stolen, federal law limits your liability for unauthorized charges. Your protection against unauthorized charges depends on the type of card and when you report the loss. Report Loss or Theft Immediately Acting fast limits your liability for charges you didn't authorize. Report the loss or theft of your card to the card issuer as quickly as possible. Many companies have toll-free numbers and 24-hour service for such emergencies. Once you report the loss of your ATM or debit card, federal law says you cannot be held liable for unauthorized transfers that occur after that time. Follow up with a letter or email. Include your account number, the date and time when you noticed your card was missing, and when you first reported the loss. Check your card statement carefully for transactions you didn't make. Report these transactions to the card issuer as quickly as possible. Be sure to send the letter to the address provided for billing errors. Check if your homeowner's or renter's insurance policy covers your liability for card thefts. If not, some insurance companies will allow you to change your policy to include this protection. How to Limit Your Losses: The Fair Credit Billing Act (FCBA) and the Electronic Fund Transfer Act (EFTA) offer protection if your credit, ATM, or debit cards are lost or stolen. Credit Card Loss or Fraudulent Charges: Under the FCBA, your liability for unauthorized use of your credit card tops out at $50. However, if you report the loss before your credit card is used, the FCBA says you are not responsible for any charges you didn't authorize. If your credit card number is stolen, but not the card, you are not liable for unauthorized use. ATM or Debit Card Loss or Fraudulent Transfers: If you report an ATM or debit card missing before someone uses it, the EFTA says you are not responsible for any unauthorized transactions. If someone uses your ATM or debit card before you report it lost or stolen, your liability depends on how quickly you report it: If you report: Your maximum loss: Before any unauthorized charges are made. $0 Within 2 business days after you learn about the loss or theft. $50 More than 2 business days after you learn about the loss or theft, but less than 60 calendar days after your statement is sent to you, $500 More than 60 calendar days after your statement is sent to you. All the money taken from your ATM/debit card account, and possibly more; for example, money in accounts linked to your debit account. If someone makes unauthorized transactions with your debit card number, but your card is not lost, you are not liable for those transactions if you report them within 60 days of your statement being sent to you. How to Protect Your Cards and Account Information? For Credit and ATM or Debit Cards. Don't disclose your account number over the phone unless you initiate the call. Guard your account information. Never leave it out in the open or write it on an envelope. Keep a record of your account numbers, expiration dates, and the telephone numbers of each card issuer so you can report a loss quickly. Draw a line through blank spaces on charge or debit slips above the total so the amount can't be changed. Don't sign a blank charge or debit slip. Tear up copies and save your receipts to check against your monthly statements. Cut up old cards cutting through the account number before you throw them away. Open your monthly statements promptly and compare them to your receipts. Report mistakes or discrepancies as soon as possible. Carry only the cards you'll need. For ATM or Debit Cards. Don't carry your PIN in your wallet, purse, or pocket or write it on your ATM or debit card. Commit it to memory. Never write your PIN on the outside of a deposit slip, an envelope, or other papers that could be lost or looked at. Carefully check your ATM or debit card transactions; the funds for this item will be quickly transferred out of your checking or other deposit account. Periodically check your account activity, especially if you bank online. Compare the current balance and transactions on your statement to those you've recorded. Report any discrepancies to your card issuer immediately. Tagged with: ATM, credit card, debit, identity theft. 2. You're getting married and are unhappy with your present bank. Discuss how you should go about choosing a new bank and opening an account. Consider the factors that are important to you in selecting a bank - such as type and ownership or new accounts and bank fees and charges. 3. If you put $ 4,000 in a saving account that pays interest at the rate of 4%, compounded annually, how much will you have in 5 years? (Hint: Use the future value formula.) How much interest will you earn during the 5 years? If you put $ 4,000 each year into a savings account that pays interest at a rate of 4% a year, how much would you have after 5 years? Please explain your answers. 4. Describe some of the short-term investment vehicles that can be used to manage your cash resources. What factors would you focus on if you were concerned that the government deficits associated with the recent financial crisis will lead to a significant increase in future inflation? GBS132 Personal and Family Financial Security Lesson 5: Exercise 1. After graduating from college last fall, Eileen Estes took a job as a consumer credit analyst at a local bank. From her work reviewing credit applications, she realizes that she should begin establishing her own credit history. Describe several steps Eileen could take to begin building a strong credit record. Does the fact that she took out a student loan for her college education help or hurt her credit record? 2. Scott North has a monthly take-home pay of $1,685; he makes payments of $410 a month on his outstanding consumer credit (excluding the mortgage on his home). Is Scott's debt burden excessive based on his income level? What if his take-home pay were $850 a month and he had monthly credit payments of $150? 3. Peter Andrews recently graduated from college and is evaluating two credit cards. Card A has an annual fee of $75 and interest rate of 9%. Card B has no annual fee and an interest rate of 16%. Assuming that Peter intends to carry no balance and pay off his charges in full each month, which card represents the better deal? If Peter expected to carry a significant balance from one month to the next, which card would be better? Explain your answer. 4. Jean has several credit cards; on which she is carrying a total balance of $12,500. She is considering transferring this balance to a new card issued by a local bank. The bank advertises that, for a 2% fee, she can transfer her balance to a card that charges a 0% interest rate on transferred balances for the first nine months. Calculate the fee that Jean would pay to transfer the balance, and describe the benefits and drawbacks of balance transfer cards