78ot

Published: 2021-09-12 21:40:09
essay essay

Category: History Other

Type of paper: Essay

This essay has been submitted by a student. This is not an example of the work written by our professional essay writers.

Hey! We can write a custom essay for you.

All possible types of assignments. Written by academics

GET MY ESSAY
Describe a real or made up but realistic situation that could cause you or someone you know to have to use money from a financial reserve. (3-6 sentences. 2.0 points) jf3.
1. Describe a real or made up but realistic situation that could cause you or someone you know to have to use money from a financial reserve. (3-6 sentences. 2.0 points)
A situation in which someone would use their financial reserve is if they were to lose their job and were poor or homeless. They would use the money to help provide for themselves until they can get a job. Or if you are on a tight income and need money for the hospital.
2. How many months' worth of expenses do you think your financial reserve should include? Describe at least two reasons for this decision. (3-6 sentences. 2.0 points)
I think about two months’ worth should be in financial reserve. Just in case you don’t have an income for a while or if someone needs money. Two would be my best guess or you could go with three to be safe.
3. Would you rather have a savings account that offered simple interest, or an account that offered compound interest? Why? (3-6 sentences. 2.0 points)
In would go with compound interest. In compound interest the interest builds over time in the account. So you will end up making interest on interest.
4. If you were opening a savings account with compound interest, would you prefer an account that offers annual compounding, quarterly compounding, or daily compounding? Why? (3-6 sentences. 2.0 points)

Warning! This essay is not original. Get 100% unique essay within 45 seconds!

GET UNIQUE ESSAY

We can write your paper just for 11.99$

i want to copy...

This essay has been submitted by a student and contain not unique content

People also read