Personal Finance

Assignment 4: Saving and Investing (32.0 points) 1. Describe a objective or made up unless realistic smear that could ca exp checkiture you or some champion you hunch to give birth to use property from a fiscal reserve. (3-6 sentences. 2.0 points) A: whiz 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 and so one day he felt a pass pop, so he went to the doctor and the doctor told him he had hornia. The doctor up told my dad that he had to go under surgery to peck his injury, but my dad did not have the money so he had to use the monetary reserve that he has been parsimony up. later the surgery, my dad went back to providence up for other financial reserve for emergencies . 2. How many months worth of expenses do you ring your financial reserve should include? Describe at least 2 reasons for this decision. (3-6 sentences. 2.0 points) A:My financial reserve would be tern ary months or less worth of expenses. One reason wherefore I wear thint need a larger 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 bill that offered simple recreate, or an bet that offered heighten hobby? why? (3-6 sentences. 2.0 points) A: I would rather have a saving tarradiddle that offers increase interest. I would choose compound interest because I end up with more money everywhere time , than a simp le interest one. In compound interest the in! terest 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 first step a savings account with compound interest, would you prefer an account that offers annual compounding, quarterly...If you extremity to get a full essay, nine it on our website: OrderCustomPaper.com

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