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Talos02
Talos02
14.01.2021 • 
Business

Assignment 4 (15 points) Assignment 4: Money Management Instructions Save this file in your course folder, and name it with Assignment, the section number, and your first initial and last name. For example, Jessie Robinson's assignment for Section 1 would be named Assignment1JRobinson. Type the answers to the assignment questions below. Use complete sentences unless the question says otherwise. You will have more than one day to complete an assignment. At the end of each day, be sure to save your progress. Review Lesson 4 of the Course Overview for instructions about turning in your assignments. Assignment Questions In Section 4, 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. (1-3 sentences. 3.0 points) 2. List at least three things you would consider when choosing a bank and account type. (1-3 sentences. 3.0 points) 3. Describe at least four ways you can take money out of a checking account. (1-4 sentences. 2.0 points) 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 in Lesson 3 to calculate the ROI dollar amount and percentage. (2.0 points) 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 in Lesson 3 to calculate the ROI dollar amount and percentage. (2.0 points) 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 inves

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