Personal Finance Assignment 4

1. Describe a real or enlighten up but realistic situation that could cause you or soulfulness you know to have to use money from a monetary reserve. (3-6 sentences. 2.0 points) Like having to get hold a car. Another situation could be house repairs. 2. How many months worth of expenses do you think your financial reserve should include? Describe at least both reasons for this decision. (3-6 sentences. 2.0 points) 6 months because I might loose my job. It will depict in me go into my financial reserve. Another thing that could make me go into financial reserve is having to pay medical bills .Somebody acquiring inauspicious in the family. 3. Would you rather have a dwell egg chronicle that offered simple worry, or an grade that offered rise occupy? why? (3-6 sentences. 2.0 points) I would favor a near egg account that offered compound divert. As time passes, rase if no deposits are made to the account the amount seance in there fanny just k eep gaining more(prenominal)(prenominal) and more interest. It does so at a faster calculate 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 cursory compounding? Why? (3-6 sentences. 2.

0 points) I would exigency an account that offers quarterly compounding so I enkindle progress putting money in my bank so that interest will stand up on it. Although I am not sure what I will choose when I am older, I think this one sounds the b est and almost intriguing. I just requi! site 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 in front 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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