LASA: 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 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:
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?
- 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.
By Wednesday, May 28, 2014, deliver your assignment to the M3: Assignment 2 Dropbox.
Grading Criteria and Rubric
|Assignment 2 Grading Criteria||
|Completed template, comparing and contrasting the various checking and saving options available and the benefits of each for each institution, including details such as loans, automated teller machine (ATM) access, credit card rates, banking fees, and minimum balance requirements.||
|Identified, described, and explained which financial institution would be the best fit. Justified selection by referencing the information provided in completed template. Provided contact information for the financial institutions.||
|Calculated FV of $5000 at the rate of 3% for 5 years.||
|Discussed how income earned from savings option is reported on a federal tax return.||
Usage and Mechanics (12)
APA Elements (16)
Note: This assignment is worth 200 points and will be graded using a rubric. Download and read the rubric to understand the expectations.
Try it now!
How it works?
Follow these simple steps to get your paper done
Place your order
Fill in the order form and provide all details of your assignment.
Proceed with the payment
Choose the payment system that suits you most.
Receive the final file
Once your paper is ready, we will email it to you.
Quality Essay Help has stood as the world’s leading custom essay writing services providers. Once you enter all the details in the order form under the place order button, the rest is up to us.
At Quality Essay Help, we prioritize on all aspects that bring about a good grade such as impeccable grammar, proper structure, zero-plagiarism and conformance to guidelines. Our experienced team of writers will help you completed your essays and other assignments.
Admission and Business Papers
Be assured that you’ll definitely get accepted to the Master’s level program at any university once you enter all the details in the order form. We won’t leave you here; we will also help you secure a good position in your aspired workplace by creating an outstanding resume or portfolio once you place an order.
Editing and Proofreading
Our skilled editing and writing team will help you restructure you paper, paraphrase, correct grammar and replace plagiarized sections on your paper just on time. The service is geared toward eliminating any mistakes and rather enhancing better quality.
We have writers in almost all fields including the most technical fields. You don’t have to worry about the complexity of your paper. Simply enter as much details as possible in the place order section.