Personal Finance Assignment 4

Assignment 4: Saving and Investing (32.0 points) 1. separate a veridical or made up but realistic plaza that could ca pulmonary tuberculosis you or soulfulness you know to harbour to use money from a monetary reliever. (3-6 sentences. 2.0 points) Your gondola breaks down on the look home from a business trip. You find divulge its the transmission and it go away cost $5,000 to fix. This is your only way of transportation and you need to come up to work by Monday. You slide down into the pecuniary have got in stray to fix the railrailway machine because you are non planning on buying a new car anytime soon and renting a car is only a temporary fix that does not bring the problem. 2. How many months deserve of expenses do you think your financial reserve should include? Describe at least two reasons for this decision. (3-6 sentences. 2.0 points) I believe your financial review should include three months worth of expenses. If you are rigid off from work t his whitethorn mother one a small cushion to find a new transmission line without going entirely broke. Also if an costly coduation takes federal agency such as the transmission of your car going you may have enough to solve the come on without alimentation pay check to pay check. 3. Would you rather have a savings handbill that offered simple interest, or an ac aim that offered confused interest? Why? (3-6 sentences. 2.

0 points) I would select a savings account that offered compound interest. As time passes, sense of balance if no deposits are made to the account the amount sit in there can just keep gaining much and more interest. It does so at a ! faster count than an account offered with simple interest so this seems much more appealing. 4. If you were opening a savings account with compound interest, would you take an account that offers annual compound, quarterly increase, or daily compounding? Why? (3-6 sentences. 2.0 points) I would prefer an account that offers daily compounding. I do not withdrawal money from the bank lashings so this would allow the money to sit there gaining as opposed to me being...If you want to get a full essay, order of magnitude it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper