Reference no: EM131574387
Assignment: Finding Your Best Bank
For this assignment, you will take on the role of a personal financial advisor and create a personal financial portfolio.
Step 1: Using the large National Bank, the Regional/Local Bank, and the Credit Union you identified in the Module Assignment, compare and contrast each institution by completing the Module Assignment template.
Step 2: Once you have completed the Module Assignment template, create a financial portfolio. This financial portfolio is a professional one. Please follow the following instructions when preparing it:
• Identify, describe, and explain the financial institution that would be the best fit for you. Be sure to justify your selection by referencing the information collected in your completed template.
• Identify, describe, and explain which type of saving account would best fit your current financial position. Be sure to justify your selection by referencing the information collected in your completed template.
• Analyze the following situation and answer the questions below:
After choosing a savings account with a 3% interest rate, you decide to invest $5,000 into the savings account.
• Using the future value calculation, determine at an interest rate of 3%, what would be your total balance available at the end of five years if you leave the $5,000 untouched. Show your calculations, as well as, your answer in your portfolio.
• How will this interest earned be reported on your federal income tax returns?
• Be sure to include the following in your financial portfolio:
• Contact information for the financial institutions
• Show all steps of your future value calculations in Excel or Word format.
• Support your statements with examples and at least three scholarly references.
Your financial portfolio should be presented as a 3-4-page paper in Word format. Be sure to also include the template you completed for step 1 of the assignment. Apply APA standards to citation of sources.
Attachment:- Template.rar
|
Discuss some of the problems or opportunities
: Discuss some of the problems or opportunities that each of these three studies could address
|
|
Draw a graph to represent the given situation
: Suppose that in a group of five people A, B,C, D, and E the following pairs of people are acquainted with each other: A and C, A and D, B and C,C and D,C and E.
|
|
What is price floor
: What is price floor? What is a price ceiling? According to economic models, will they work? What kinds of consequences will occur with them on markets
|
|
What is the relation between the number of edges of g
: Let G be a simple graph with n vertices. What is the relation between the number of edges of G and the number of edges of the complement G'?
|
|
What would your total balance available at end of five years
: Determine at an interest rate of 3%, what would be your total balance available at the end of five years if you leave the $5,000 untouched.
|
|
Show the result of the change in the demand and supply curve
: Using the line drawing tool, show the result of the change in the demand and supply curves as specified above. Properly label the lines
|
|
Can there be a simple graph that has four vertices
: In a simple graph, must every vertex have degree that is less than the number of vertices in the graph? Why?
|
|
What do you know about the mother of the story
: What do you know about the mother of the story. When we have a first-person narrator, we have to decide if she is reliable or unreliable
|
|
Describe one major trend of the historical period
: In four or five sentences, describe one major trend of the historical period that relates to the New Deal and the Social Security Act.
|