Reference no: EM13741916
Assignment: Money Management
Assignment Questions
You learned about money management. Now, you'll apply what you learned.
1. List at least three of your financial goals. Explain whether they are short-term, intermediate, or long-term.
2. List at least three things you would consider when choosing a bank and account type.
3. Describe at least four ways you can take money out of a checking account.
4. Calculate the ROI dollar amount and percentage for these example investments.
a.You invest $50 in a government bond that says you can redeem it a year later for $54. Use the instructions to calculate the ROI dollar amount and percentage.
TIP: Subtract the initial investment from the total return to get the ROI dollar amount. Then divide the ROI dollar amount by the initial investment, and multiply that number by 100 to get the percentage.
b. You invest $100 in stocks and sell them one year later for $115. Use the instructions to calculate the ROI dollar amount and percentage.
TIP: Subtract the initial investment from the total return to get the ROI dollar amount. Then divide the ROI dollar amount by the initial investment, and multiply that number by 100 to get the percentage.
5. Describe at least three investments you want to make with your income. Explain whether each one is an equity investment or a debt investment, and explain why you chose these particular types of investments.
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