Describe at least two reasons for this decision. (3-6 sentences. 2.0 points) 3. Would you rather have a savings account that offered simple interest, or an account that offered compound interest? Why?
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) I would prefer a savings account that offered compound interest.
Could be used in case a temporary situation arises. 3. Would you rather have a savings account that offered simple interest, or an account that offered compound interest? Why? (3-6 sentences.
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) Compound interest.
2.0 points) I would choose to get debt funding to open my business. The reason I would choose this is because I would not want to share ownership. c. If you needed to get funding for your company, describe at least two sources of funding that you would prefer. Explain why you would prefer these sources of funding. (2-4 sentences.
Should you elect to participate, how much do you plan to contribute annually? 4. Your Charles Schwab investment advisor outlines a variety of investment options, which she believes will offer a better return than the current money market fund. You can invest in any of the following choices, with corresponding current/past rates of return: a. A 5 year Certificate of Deposit yielding 3% APY.
(3-6 sentences. 3.0 points) A house, because it is worth some money to banks. It’s an expense, because you have to spend money for it. It can also be a debt if you choose a house that is out of your price range. Describe a real or made up but realistic example of earned income that you or someone you know has received.
(3-6 sentences. 3.0 points) A financial resource can be a house because it is worth money to the bank. It is an expense because you have to spend money on it. And it could
It is useful to me because I cannot go into a store with out going over what I originally thought I would spend. So having a set budget before hand would help me. Another way planning skills helps is that it allows you to look into the future and see what it will be like for you money wise. 2. List two examples of goods you have purchased in the past or may purchase in the future.
This will enable you to have a buffer when you need to cope up with the rising costs or unexpected expense. 11. Inclusion of the savings as an expense while planning budget When you are planning your budget, you need to include savings as a part of the budget. For this purpose, you can set up a separate saving account and transfer a pre-determined amount every month. This savings can be used for short-term or long-term targets such as a vacation, college tuition or a house.