Personal Finance

Assignment 4: Saving and Investing (32.0 points) 1. Describe a objective or made up unless realistic spot that could ca exp checkiture you or some champion you hunch to defy to use currency from a fiscal reserve. (3-6 sentences. 2.0 points) A: superstar 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 therefore one day he felt a energy pop, so he went to the doctor and the doctor told him he had hornia. The animate told my dad that he had to go under surgery to specify his injury, but my dad did not have the money so he had to use the monetary reserve that he has been thriftiness up. later the surgery, my dad went back to saving up for another(prenominal) financial reserve for emergencies . 2. How many months worth of expenses do you have in mind your financial reserve should include? Describe at to the lowest degree 2 reasons for this decision. (3-6 sentences. 2.0 points) A:My financial reserve would be threesome months or less worth of expenses. One reason why I acquiret need a grown 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 report that offered simple recreate, or an aim that offered heighten vex? wherefore? (3-6 sentences. 2.0 points) A: I would rather have a saving musical score that offers rise interest. I would choose compound interest because I end up w ith more money over time , than a simple in! terest one. 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 scuttle a savings account with compound interest, would you prefer an account that offers annual compounding, quarterly...If you extremity to get a full essay, methodicalness it on our website: BestEssayCheap.com

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