Personal Finance Assignment 4

1. Describe a real or grant up but realistic situation that could cause you or person you know to have to use money from a pecuniary reserve. (3-6 sentences. 2.0 points) Like having to encounter a car. A nonher situation could be house repairs. 2. How many months worth of expenses do you think your pecuniary reserve should include? Describe at least duo reasons for this decision. (3-6 sentences. 2.0 points) 6 months because I might loose my job. It will burn out in me go into my financial reserve. Another thing that could make me go into financial reserve is having to pay medical bills .Somebody get inauspicious in the family. 3. Would you rather have a nuzzle egg chronicle that offered simple worry, or an storey that offered vary interestingness? why? (3-6 sentences. 2.0 points) I would select a come near egg account that offered compound interest. As time passes, so far if no deposits are made to the account the amount sit down in there fanny just keep gaining to a greater extent and more than interest. It does so at a faster place 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 prefer an account that offers annual compounding, every quarter compounding, or day by day compounding? Why? (3-6 sentences. 2.

0 points) I would exigency an account that offers quarterly compounding so I enkindle tarry putting money in my bank so that interest will enhance on it. Although I am not sure what I will choose when I am older, I think this one s ounds the trounce and almost intriguing. ! I just requisite to have a draw of interest on my savings account as I grow older. 5. Which strategy for saving do you think would function best for you? Why? (3-6 sentences. 2.0 points) an automatic monthly transfer from checking to savings on my banks website. That way I wont forget and spend that money on something. 6. Describe two financial goals that you would want to neat forrader you begin investing. Explain why you would want to...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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