Finance Assignment | Homework For You

1) Neil and Sandra each borrowed from their Registered Retirement Savings Plan (RRSP) under the Home Buyer’s Plan (HBP) for the down payment on the purchase of their first home. If Neil and Sandra withdrew the maximum that is permitted under the HBP program, and have a conventional mortgage (minimum required), what is the value of the home that they are looking to purchase?

Don't use plagiarized sources. Get Your Assignment on
Finance Assignment | Homework For You
Just from $13/Page
Order Now

a) $250,000

b) $275,000

c) $125,000

d) $100,000

e) $150,000


2) Jake is looking to invest $15,000 in XYZ mutual fund, how many mutual fund shares could he purchase if the Net Asset Value (NAV) of the fund was $43, and the fund had a front-end load of 3%?

a) 328 shares

b) 323 shares

c) 349 shares

d) 338 shares

e) 330 shares


3) The Management Expense Ratio (MER) for mutual funds states how much you pay a fund in percentage terms every year to manage your money. As the percentage appears small, most do not notice it, but Canadians have the highest average MER’s and these fees take a bite into returns. If you invested $15,000 in the Bank of Montreal BMO US Equity A mutual fund, how much are you paying the fund to manage your money? , a great investment research site; find the mutual fund BMO US Equity A to respond to the mutual fund question.)

a) $500.00

b) $275.50

c) $373.50

d) $250.35

e) $150.75


4) Heidi is looking to invest in the Bank of Montreal BMO US Equity A mutual fund. She knows that it takes a minimum of $500 as the initial investment to get into the fund but is wondering what the minimum investment thereafter is as well as the 8th top investment holding? , a great investment research site; find the mutual fund BMO US Equity A to respond to the mutual fund question.)

a) $50CAD; Apple Inc.

b) $500CAD; Apple Inc.

c) $50US; Microsoft Corp.

d) $500US; Alphabet Inc.

e) $50CAD; Walmart Inc.


5) Which statement is incorrect with regards to Term To 100 Insurance?

a) Permanent life insurance policy

b) Policy does not build cash value

c) Pay more for premiums as you age

d) No longer need to pay premiums if the policyholder lives past the age of 100

e) Premium does not include a savings component


6) Which of the following can influence your credit score?

a) Sex

b) Race

c) Length of relationship with creditors

d) Religion

e) Marital status

Section I completed, continue to Section II.

Section II:   Five (5) Mini-Cases (14 marks)

Please write (or highlight, where required) your response in the template or space provided.


Mini-Case A:

Question 1: (3 marks)

Rory had always maximized his yearly contributions to his Tax-Free Savings Account (TFSA), including his latest contribution on February 1, 2018. He was going to use this money to finance his first home. This account only held one stock which he knew was risky but felt that it was the only way to ever own a home. Unfortunately, instead of having it grow to $200,000 like he had hoped, he lost all of his money with the company going bankrupt on November 15, 2018.


a) What is the earliest date that Rory can start to recontribute to his TFSA without triggering a penalty? (1 m) Get Finance homework help today

Calculate your paper price
Pages (550 words)
Approximate price: -

Why Choose Us

Quality Papers

At Myhomeworkwriters.com, we always aim at 100% customer satisfaction. As such, we never compromise o the quality of our homework services. Our homework helpers ensure that they craft each paper carefully to match the requirements of the instruction form.

Professional Academic Writers

With Myhomeworkwriters.com, every student is guaranteed high-quality, professionally written papers. We ensure that we hire individuals with high academic qualifications who can maintain our quality policy. These writers undergo further training to sharpen their writing skills, making them more competent in writing academic papers.

Affordable Prices

Our company maintains a fair pricing system for all academic writing services to ensure affordability. Our pricing system generates quotations based on the properties of individual papers.

On-Time delivery

My Homework Writers guarantees all students of swift delivery of papers. We understand that time is an essential factor in the academic world. Therefore, we ensure that we deliver the paper on or before the agreed date to give students ample time for reviewing.

100% Originality

Myhomeworkwriters.com maintains a zero-plagiarism policy in all papers. As such, My Homework Writers professional academic writers ensure that they use the students’ instructions to deliver plagiarism-free papers. We are very keen on avoiding any chance of similarities with previous papers.

Customer Support 24/7

Our customer support works around the clock to provide students with assistance or guidance at any time of the day. Students can always communicate with us through our live chat system or our email and receive instant responses. Feel free to contact us via the Chat window or support email: support@myhomeworkwriters.com.

Try it now!

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Homework Writing Services

My Homework Writers holds a reputation for being a platform that provides high-quality homework writing services. All you need to do is provide us with all the necessary requirements of the paper and wait for quality results.


Essay Writing Services

At My Homework Writers, we have highly qualified academic gurus who will offer great assistance towards completing your essays. Our homework writing service providers are well-versed with all the aspects of developing high-quality and relevant essays.


Admission and Business Papers

With Myhomeworkwriters.com, we will help you secure a position at your desired institution. Our essay writing services include the crafting of admissions papers. We will still help you climb your career ladder by helping you write the official papers that will help you secure a job. We will guide you on how to write an outstanding portfolio or resume.


Editing and Proofreading

Myhomeworkwriters.com has a professional editorial team that will help you organize your paper, paraphrase it, and eliminate any possible mistakes. Also, we will help you check on plagiarism to ensure that your final paper posses quality and originality.


Technical papers

My Homework Writers harbors professional academic writers from diverse academic disciplines. As such, we can develop homework writing services in all academic areas. The simplicity or complexity of the paper does not affect the quality of homework writing services.