(32.0 points)
1. Describe a objective or made up unless realistic patch that could ca exp checkiture you or some champion you hunch to have to use money from a fiscal reserve. (3-6 sentences. 2.0 points)
A: One age that my protoactinium had to use his pecuniary reserve was when he had to go to surgery. My dad was doing some heavy work and then one day he felt a muscle pop, so he went to the doctor and the doctor told him he had hornia. The Doctor told my dad that he had to go under surgery to fix his injury, but my dad did not have the money so he had to use the monetary reserve that he has been saving up. later the surgery, my dad went back to saving up for another financial reserve for emergencies
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2. How many months worth of expenses do you think your financial 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 need a big financial reserve is because my expenses are too little because I am just a teenager. Another reason is because I know a lot of people who work in companies and closed-door businesses so I could easily find a job.
3.
Would you sort of have a nest egg account that offered simple recreate, or an account that offered heighten interest? Why? (3-6 sentences. 2.0 points)
A: I would rather have a saving account that offers compound interest. I would choose compound interest because I end up with more money over time , than a simple interest one. In compound interest the interest is added to the principal in the account so each yr the interest money that is added to the principal account increases each division. In simple interest the interest money each 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 annual compounding, quarterly...If you extremity to get a full essay, order it on our website: Orderessay
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