Personal Finance Essay

Assignment 4: Saving and Investing (32.0 points) Describe a authentic or made up but possible circumstance that could ca ingestion you or virtuallyone you know to reorganize to use money from a monetary backup. (3-6 sentences. 2.0 points) If I retreat my melody and need to add up one soon the money from the financial reserve can help comport my bills. Until I use up a new job because its gonna be a go to get a job. So the money from the financial reserve lead help support me until I can bring more money. How m some(prenominal) months worth of expenses do you call your financial reserve should include? Describe at least(prenominal) ii reasons for this decision. (3-6 sentences. 2.0 points) I think my financial reserve should at least c everywhere 5 months worth of expenses. I really think it should be that long because so it will give me some time to get things sorted bug out and figured out. I dont wanna be in a locomote in like manner so 5 mont hs seems okay to handle any emergencies I watch across. Would you earlier have a savings account that offered straightforward come to, or an account that offered compound care? why? (3-6 sentences. 2.0 points) Id rather have an account that offers aboveboard recreate. Since it has an interest rate of 9.6% over 6 years. While compound interest has a more frequent rate of interest than simple interest.

If you were opening a savings account with compound interest, would you take an account that offers one-year combination, quarterly compounding, or routine compounding? Why? (3-6 sentences. 2.0 points ) I would prefer the account that offers ! quarterly compounding. I rather have it compounding quarterly than annually or daily. Also because daily is too frequent and annual is too infrequent than quarterly. Which scheme for saving do you think would form best for you? Why? (3-6 sentences. 2.0 points) I think attempt to halt out of disturb or end up in any emergencies would be a good idea. So I wont end up wasting any money. Also trying to watch my expenses as well. Describe two financial...If you want to get a extensive essay, order it on our website: OrderCustomPaper.com

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