assignment 4 - 1 You can use money from a financial reserve for paying off a ticket that you cant pay with the money out of your pocket As well as not

assignment 4 - 1 You can use money from a financial reserve...

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1. You can use money from a financial reserve for paying off a ticket that you can’t pay with the money out of your pocket. As well as not being able to come up with the money in time to pay the ticket off. 2. At least maybe 5 months. This is because it is almost half of the year so you would have plenty of money to be able to save up for the future and other items. As well being able to build up a great amount to be able to have in the long run. 3. I would rather have a compound interest. This is because it depends on the amount you deposit so if you build up money before you deposits each time you can gain more and more interest. 4. Annual compound would be what I would choose. Because it would end up giving me the greatest amount of money for a periods of time. 5. Save up and put it in a compound interest savings account. I would choose this because I could build up money and be able to gain more for what I deposit into my account. As well as being able to save up more money for the long run.
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  • Spring '17
  • Minor
  • 5 months

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