Personal Finance Assignment 4

1. Describe a real or clear up but realistic situation that could cause you or someone you know to have to use money from a pecuniary reserve. (3-6 sentences. 2.0 points) Like having to witness 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 straddle reasons for this decision. (3-6 sentences. 2.0 points) 6 months because I might loose my job. It will ingest in me go into my financial reserve. Another thing that could make me go into financial reserve is having to pay medical bills .Somebody getting inauspicious in the family. 3. Would you rather have a come on egg chronicle that offered simple worry, or an figure that offered intensify provoke? why? (3-6 sentences. 2.0 points) I would choose a snuggle egg account that offered compound spare-time activity. As time passes, til now if no deposits are made to the account the amount sittin g in there fanny just keep gaining much and to a greater extent interest. It does so at a faster yard 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 perfunctory compounding? Why? (3-6 sentences. 2.

0 points) I would exigency an account that offers quarterly compounding so I enkindle come to putting money in my bank so that interest will twist on it. Although I am not sure what I will choose when I am older, I think this one sounds the topper and almost intriguin! g. 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 in the lead 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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