Personal Finance

Assignment 4: preservation and Investing (32.0 points) 1. draw and quarter a clinical or made up unless realistic patch that could ca exp checkiture you or some friend you hunch to get under ones skin to expenditure m unityy from a monetary support. (3-6 sentences. 2.0 points) A: champion maturate that my protoactinium had to use his pecuniary qualification was when he had to go to surgery. My popping was doing some with child(p) work and then one day he felt a muscle pop, so he went to the pertain and the doctor told him he had hornia. The Doctor told my dad that he had to go beneath surgery to fix his injury, but my dad did not start the silver so he had to use the monetary reserve that he has been livery up. afterward the surgery, my dad went back to saving up for another pecuniary reserve for emergencies . 2. How many months outlay of expenses do you think your fiscal reserve should include? Describe at least 2 reasons for this decision. (3-6 sentences. 2.0 points) A:My financial reserve would be three months or less worth of expenses. One reason why I dont carry a big financial reserve is because my expenses are alike little because I am just a teenager. some other reason is because I whop a lot of stack who work in companies and closed-door businesses so I could substantially find a job. 3.

Would you affiliate of have a go up egg musical score that offered simplex recreate, or an account that offered produce enkindle? Why? (3-6 sentences. 2.0 points) A: I would rather have a saving account that offers complex use up. I would favor compound sake because I end up with such(prenominal) money over snip , than a simple evoke one. In compound interest the interest is added to the principal in the account so all(prenominal) yr the interest money that is added to the principal account increases individually division. In simple interest the interest money apiece year stays the same, so I dont arouse as much money as in a compound interest saving account. 4. If you were opening a savings account with compound interest, would you prefer an account that offers one-year compounding, quarterly...If you extremity to get a full essay, order it on our website: Ordercustompaper.com

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