Personal Finance

Assignment 4: parsimony and Investing (32.0 points) 1. pick up a palpable or made up plainly realistic placement that could ca use up you or some(a)one you know to cross out to use silver from a pecuniary bind. (3-6 sentences. 2.0 points) A pip that would coif me to use money from a financial modestness would be an jot, such as unexpected medical be. For example, if I got into a car shipwreck and was injured badly, I dexterity entertain to use some of the money in my reserve to dish chip in the costs of my medical bills. 2.How many months cost of expenses do you rally your financial reserve should include? Describe at least 2 reasons for this decision. (3-6 sentences. 2.0 points) I believe that at least three months value of my expenses should go towards my financial reserve. I think this is a practiced idea because this departing add comely money for me to support major financial loss. If thither is an emergency that is costly, three months price of expenses should be able to pay for the damages. 3.Would you alternatively have a savings card that offered elementary stake, or an account that offered intensify wager? wherefore? (3-6 sentences. 2.0 points) I would quite a have a savings account that offered chemical chemical sharpen interest. I would demand compound interest because it speeds up the process of tress up interest.

Simple interest slowly grows, while compound interest is fast. 4.If you were opening a savings account with compound interest, would you prefer an account that offers yearbook compounding, every quarter compounding, or bimonthly compounding? wherefore? (3-6 sentences. 2.0 points) I would want an account that offers quarterly compounding so I can continue introduce money in my till so that interest will grow on it. Although I am not true what I will choose when I am older, I think this one sounds the best and most intriguing. I simply want to have a lot of interest on my savings account as I grow older. 5.Which precis for saving do you think would work best for you? Why? (3-6 sentences. 2.0...If you want to get a full essay, order it on our website: Ordercustompaper.com

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