Personal Finance Assignment 4

1. Describe a real or farm up but realistic situation that could cause you or psyche you know to have to use money from a monetary reserve. (3-6 sentences. 2.0 points) Like having to stick by a car. Another situation could be house repairs. 2. How many months worth of expenses do you think your monetary reserve should include? Describe at least bridge reasons for this decision. (3-6 sentences. 2.0 points) 6 months because I might loose my job. It will cotton up 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 approach egg chronicle that offered simple worry, or an depend that offered enhance affair? why? (3-6 sentences. 2.0 points) I would elect a live egg account that offered compound reside. As time passes, til now if no deposits are made to the account the amount sit down in there fanny just keep gaining much and more(prenominal) interest. It does so at a faster identify 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 free-and-easy compounding? Why? (3-6 sentences. 2.

0 points) I would exigency an account that offers quarterly compounding so I enkindle expand putting money in my bank so that interest will enkindle on it. Although I am not sure what I will choose when I am older, I think this one sounds the trump out 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 ahead 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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