Ch 4 & 5 Assign.

Ch 4 & 5 Assign. - FIN 2976 Chapter 4 and 5 Assignment...

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FIN 2976 – Chapter 4 and 5 Assignment Read each customer situation below and answer as appropriate. Type your answers following the question, save your answers and resend to me via the assignment manager. Deposit Account Products: Read the situation and determine what deposit account product(s) will best meet each customer’s needs. Situation 1: Toni has come to your bank to open a savings account. She has $25,000 and wants to earn as much interest as possible. She will not need access to the funds for at least six months. Money Market Deposit Account Situation 2 : Paul is excited to have received his first paycheck from an after-school job at a pizza parlor. He has come to your bank to open a deposit account. He currently has no monthly bills to pay, but would like to take money out of the account as needed. He estimates that he will be depositing about $100 every two weeks. Statement Savings Account Situation 3 : Anna is self-employed and wishes to save money for retirement. She also has some extra money in her checking account (about $5,000) and wants to put that money into an account that will earn interest. However, she may need access to the
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This note was uploaded on 05/18/2010 for the course FIN 2976 taught by Professor Clark during the Spring '09 term at Cincinnati State.

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Ch 4 & 5 Assign. - FIN 2976 Chapter 4 and 5 Assignment...

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