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Thursday, 14 February 2013

Assignment 4: Saving and Investing

1. follow a real or made up but realistic situation that could cause you or mortal you know to have to use money from a pecuniary reserve. (3-6 sentences. 2.0 points)
Like having to get 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 twain reasons for this decision. (3-6 sentences. 2.0 points)
6 months because I might loose my job. It will limit me go into my financial reserve. Another thing that could make me go into financial reserve is having to pay medical bills .Somebody getting ptyalise in the family.
3. Would you rather have a savings estimate that offered simple interest, or an account that offered compound interest? wherefore? (3-6 sentences. 2.0 points)
I will like compound interest. Over date the compound interest will build up more than interest in the account. After awhile it the interest generates its aver interest.
4. If you were opening a savings account with compound interest, would you prefer an account that offers annual combining, quarterly compounding, or daily compounding? Why? (3-6 sentences. 2.0 points)

5. Which strategy for saving do you think would make for best for you? Why? (3-6 sentences. 2.0 points)

6. Describe two financial goals that you would pauperization to meet before you begin investing.

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Explain why you would indispensableness to reach those goals first. (2-4 sentences. 2.0 points)

7. Describe at least two factors of an enthronization that you would want to consider before putting money into that particular(prenominal) investment. (2-4 sentences. 2.0 points)

8. Calculate the return on investment in dollars and as a percentage for an investment that you purchase for $500 and swap for $600. (2.0 points) TIP: If you dont remember how to calculate return on investment, polish the Calculating ROI pages in Section 4, Lesson 2.

9. Describe two examples of debt investments. (1-2 sentences. 1.0 points)

10. Describe two examples of equity investments....If you want to get a affluent essay, order it on our website: Ordercustompaper.com



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