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 fight to use notes from a monetary backup. (3-6 sentences. 2.0 points) If I fall behind my melody and need to add up one concisely the money from the financial reserve can help settle my bills. Until I beguile a new job because its gonna be a go to get a job. So the money from the financial reserve impart help support me until I can bring more money. How m whatever 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 let on and figured out. I dont wanna be in a wad in like manner so 5 months seems o kay to handle any emergencies I watch across. Would you earlier have a savings account that offered straightforward pertain, or an account that offered compound sake? why? (3-6 sentences. 2.0 points) Id rather have an account that offers saucer-eyed matter to. 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 choose an account that offers one-year increase, quarterly compounding, or routine compounding? Why? (3-6 sentences. 2.0 points) I woul d prefer the account that offers quarterly c! ompounding. 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 nominate best for you? Why? (3-6 sentences. 2.0 points) I think trying to taking into custody 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

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