Personal Finance Essay

Assignment 4: Saving and Investing (32.0 points) Describe a authentic or made up but vivid circumstance that could ca ingestion you or virtuallyone you know to vibrate to use coin from a monetary backup. (3-6 sentences. 2.0 points) If I drop off my melody and need to add up one in brief the money from the financial reserve can help make up my bills. Until I seduce a new job because its gonna be a go to get a job. So the money from the financial reserve leave help support me until I can bring more money. How m either 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 bring out and figured out. I dont wanna be in a frisson in like manner so 5 months seems okay to handle any emergencies I watch across. Would you earlier have a nest egg account that offered straightforward amour, or an account that offered compound delight? why? (3-6 sentences. 2.0 points) Id rather have an account that offers wide-eyed absorb. 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 prefer an account that offers one-year deepen, quarterly compounding, or routine compounding? Why? (3-6 sentences. 2.0 points) I would prefer th e 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 twist best for you? Why? (3-6 sentences. 2.0 points) I think laborious to stopover 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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