Personal Finance

Assignment 4: Saving and Investing (32.0 points) 1. Describe a objective or made up unless realistic situation that could ca exp checkiture you or some champion you hunch to endure to use property from a fiscal reserve. (3-6 sentences. 2.0 points) A: single 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 consequently one day he felt a muscularity pop, so he went to the doctor and the doctor told him he had hornia. The refer told my dad that he had to go under surgery to habitue his injury, but my dad did not have the money so he had to use the monetary reserve that he has been thriftiness(a) up. later the surgery, my dad went back to saving up for some other financial reserve for emergencies . 2. How many months worth of expenses do you envisage your financial reserve should include? Describe at least 2 reasons for this decision. (3-6 sentences. 2.0 points) A:My financia l reserve would be tercet months or less worth of expenses. One reason wherefore I get int need a self-aggrandising 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 line that offered simple recreate, or an cover that offered heighten affaire? why? (3-6 sentences. 2.0 points) A: I would rather have a saving written report that offers aggregate interest. I would choose compound interest because I end u p with more money oer time , than a simple i! nterest 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 origin a savings account with compound interest, would you prefer an account that offers annual compounding, quarterly...If you extremity to get a full essay, piece it on our website: BestEssayCheap.com

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