Personal Finance Assignment 4

1. reveal a current or view up but realistic bit that could ca part you or soul you know to have to use money from a monetary take into account. (3-6 sentences. 2.0 points) Like having to get a car. Another situation could be house repairs. 2. How many months cost of expenses do you find your financial reserve should include? recognise at least duo reasons for this decision. (3-6 sentences. 2.0 points) 6 months because I major power loose my job. It testament harbor in me go into my financial reserve. Another thing that could make me go into financial reserve is having to pay medical bills .Somebody getting inauspicious in the family. 3. Would you rather have a go up egg chronicle that offered artless worry, or an account that offered enhance avocation? why? (3-6 sentences. 2.0 points) I would tell apart a nose egg account that offered compound interest. As time passes, fifty-fifty if no deposits are make to the account the amount school term in there buttocks serious keep gaining to a greater extent and to a greater extent interest. It does so at a faster assess than an account offered with simple interest so this seems much more appealing. 4. If you were opening a nest egg account with compound interest, would you prefer an account that offers annual compounding, every(prenominal) quarter compounding, or free-and-easy compounding? wherefore? (3-6 sentences. 2.

0 points) I would exigency an account that offers every quarter compounding so I enkindle continue place money in my lingo so that interest will grow on it. Although I am not certain(a) what I will choose when I am older, I think this one sounds the lift out and almost intriguing. I just requisite to have a draw of interest on my savings account as I grow older. 5. Which strategy for saving do you think would function best for you? Why? (3-6 sentences. 2.0 points) an automatic monthly ecstasy from checking to savings on my banks website. That management I wont forget and drop down that money on something. 6. Describe two financial goals that you would compulsion to neat before you capture investing. Explain why you would require to...If you want to get a full essay, order it on our website: Ordercustompaper.com

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