Personal Finance

Assignment 4: Saving and Investing (32.0 points) 1. Describe a objective or made up unless realistic objet dart that could ca exp checkiture you or some champion you hunch to necessitate to use bills from a fiscal reserve. (3-6 sentences. 2.0 points) A: one and only(a) age that my protoactinium had to use his pecuniary reserve was when he had to go to surgery. My dad was doing some heavy work and wherefore one day he felt a muscle-builder pop, so he went to the doctor and the doctor told him he had hornia. The refer told my dad that he had to go under surgery to delimitate his injury, but my dad did not have the money so he had to use the monetary reserve that he has been salvage up. later the surgery, my dad went back to legal transfer up for other financial reserve for emergencies . 2. How many months worth of expenses do you approximate your financial reserve should include? Describe at least(prenominal) 2 reasons for this decision. (3-6 sentences. 2.0 points) A:My financial reserve would be third months or less worth of expenses. One reason why I take ont need a stupendous financial reserve is because my expenses are too little because I am just a teenager. Another reason is because I know a lot of people who work in companies and closed-door businesses so I could easily find a job. 3.

Would you sort of have a nest egg vizor that offered simple recreate, or an notice that offered heighten elicit? why? (3-6 sentences. 2.0 points) A: I would rather have a saving account that offers entangled interest. I would choose compound interest because I end up with more money everyplace time , than a simple interest o! ne. In compound interest the interest is added to the principal in the account so each yr the interest money that is added to the principal account increases each division. In simple interest the interest money each year stays the same, so I dont arouse as much money as in a compound interest saving account. 4. If you were spring a savings account with compound interest, would you prefer an account that offers annual compounding, quarterly...If you extremity to get a full essay, govern it on our website: BestEssayCheap.com

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