isions.).
your EPortfolio.
Part A-First page
Instructions: All questions must be answered in a short
essay.
Put your full name and title it "Inquiry into savings"
Mat 115 Project
1- What is a long-term financial goal for yourself.
(This is something that you would like to have money
for in the future, but cannot currently afford. Possible
examples include a retirement fund, a college fund for
a child or other family member, a major vacation, a
down payment for a home, a car, etc.)
2- How much money do you need to save to meet your
goal?
3-How long will you take to save the money? Is this
deadline firm or negotiable?
4-What difficulties might you encounter as you save
toward this goal?
5- Which two potential financial options did you
investigate? Include the pros and cons of each, the
return rate, and information sources.
6-Which option did you choose and why?
Part B-second page
Title this page Work Sheet
You must show the work for the two options you
investigated using the following formula where "A" is
the desired amount, "I" is the annual savings amount,
"r" is the average return rate of your investment, and t
is the time you will be saving.
(See Formula On Example Worksheet)