Complete the Financial Report Worksheet attached.
Use it to guide you in developing your budget. Be sure to show all work. Do a 1 page report, you need to present your findings and explain your conclusions on interest rates and compounding frequency. Thoughts to include in the report include: Is a savings account a good way to earn interest? When looking at opening a savings account, what should you look for: higher interest rate or more frequent compounding?
Be sure to cite your sources for the interest rates from the chosen financial institution.
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