This Tutorial contains (2 Papers) 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 1 Assignment 2, compare and contrast each institution by completing the Module 3 Assignment 2 template Step 2: Once you have completed the Module 3 Assignment 2 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. Use the following file naming convention: LastnameFirstInitial_M3_A2.doc.
Previous answers to this question
This is a preview of an assignment submitted on our website by a student. If you need help with this question or any assignment help, click on the order button below and get started. We guarantee authentic, quality, 100% plagiarism free work or your money back.
Get The Answer