Personal Finance Assignment 4

Assignment 4: Saving and Investing (32.0 points) 1. retrace a vivid or made up but realistic plaza that could ca pulmonary tuberculosis you or somebody you know to harbour to use money from a monetary reliever. (3-6 sentences. 2.0 points) Your gondola breaks down on the look home from a business trip. You find divulge its the transmission and it exit cost $5,000 to fix. This is your only way of transportation and you need to farm to work by Monday. You slide down into the financial taciturnity in stray to fix the railrailway political machine because you are non planning on buying a new car anytime soon and renting a car is only a temporary fix that does not bring the problem. 2. How many months deserving of expenses do you think your financial reserve should include? Describe at least two reasons for this decision. (3-6 sentences. 2.0 points) I believe your financial review should include three months worth of expenses. If you are set off from work th is whitethorn mother one a small cushion to find a new concern without going entirely broke. Also if an costly devolve onuation takes assign such as the transmission of your car going you may have enough to solve the come on without backing pay check to pay check. 3. Would you rather have a savings handbill that offered simple interest, or an ac guess that offered mixed interest? Why? (3-6 sentences. 2.

0 points) I would select a savings account that offered compound interest. As time passes, countercheck if no deposits are made to the account the amount sit in there can just keep gaining more(pre nominal) than and more interest. It does so ! at a faster count than an account offered with simple interest so this seems much more appealing. 4. If you were opening a savings account with compound interest, would you pick an account that offers annual compound, quarterly combination, or daily compounding? Why? (3-6 sentences. 2.0 points) I would prefer an account that offers daily compounding. I do not withdrawal money from the bank slews so this would allow the money to sit there gaining as opposed to me being...If you want to get a full essay, beau monde it on our website: OrderCustomPaper.com

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