Select Page

Your Perfect Assignment is Just a Click Away

Starting at \$8.00 per Page

100% Original, Plagiarism Free, Customized to Your instructions!

## PERSONAL FINANCIAL LITERACY

PERSONAL FINANCIAL LITERACY : A TIME TO SPEND, A TIME TO SAVE : 02.04 : INTEREST RATES AND INFLATION

## Put Your Money Where Your Mouth Is

For your assignment, you will compare savings options and make a recommendation as to which option would earn the most interest after taxes and inflation.

### Part OneSelect Two Savings Options

Select one savings option from the Simple Interest column and one from the Compound Interest column to compare:

Simple InterestCompound InterestOption Aearns 2.5% simple interest per yearOption Dearns 2% compound interest per yearOption Bearns 3% simple interest per yearOption Eearns 2.5% compound interest per yearOption Cearns 3.5% simple interest per yearOption Fearns 3% compound interest per year

### Part TwoCrunch the Numbers

Calculate the after-tax real rate of return earned on \$5,000 by your selected savings options over a period of three years. This will help your comparison. Remember, the real rate of return includes taxes on the interest earned and inflation. For this assignment, use a tax rate of 10% and an average cumulative rate of 3%.

You will submit your calculations as part of your assignment. Need help? Check out the steps to calculate the after-tax real rate of return:

### Part ThreeMake Your Recommendation

Compile your calculations and make a recommendation. Of the savings options that you chose, which would you recommend a depositor use? Use complete sentences to explain why one option would be more beneficial than the other based on the after-tax rate of return.

### What to Submit

Submit your selected savings options, calculations, and recommendation to 02.04 Interest Rates and Inflation.

### ASSESSMENT

1. Complete the reading and activities.
2. Review the rubric before completing and submitting this activity.
3. Complete parts one, two, and three.
4. Submit your work to 02.04 Interest Rates and Inflation.

#### Rubric

"Place your order now for a similar assignment and have exceptional work written by our team of experts, guaranteeing you A results."

## Our Service Charter

1. Professional & Expert Writers: Eminence Papers only hires the best. Our writers are specially selected and recruited, after which they undergo further training to perfect their skills for specialization purposes. Moreover, our writers are holders of masters and Ph.D. degrees. They have impressive academic records, besides being native English speakers.

2. Top Quality Papers: Our customers are always guaranteed of papers that exceed their expectations. All our writers have +5 years of experience. This implies that all papers are written by individuals who are experts in their fields. In addition, the quality team reviews all the papers before sending them to the customers.

3. Plagiarism-Free Papers: All papers provided by Eminence Papers are written from scratch. Appropriate referencing and citation of key information are followed. Plagiarism checkers are used by the Quality assurance team and our editors just to double-check that there are no instances of plagiarism.

4. Timely Delivery: Time wasted is equivalent to a failed dedication and commitment. Eminence Papers are known for the timely delivery of any pending customer orders. Customers are well informed of the progress of their papers to ensure they keep track of what the writer is providing before the final draft is sent for grading.

5. Affordable Prices: Our prices are fairly structured to fit in all groups. Any customer willing to place their assignments with us can do so at very affordable prices. In addition, our customers enjoy regular discounts and bonuses.

6. 24/7 Customer Support: At Eminence Papers, we have put in place a team of experts who answer all customer inquiries promptly. The best part is the ever-availability of the team. Customers can make inquiries anytime.