Banking Project Business Math

 

 

Scenario

 

A good friend, Jimmy, has just asked your advice now that you are taking business math. He has never had a bank account of any kind before but he now has a steady part-time job while he attends college. He doesn’t really understand the differences among the various types of bank accounts. He would like you to explain the various types of accounts to him and help him pick the bank that will give him the best deal. You ask Jimmy some pertinent questions and find out the following about his situation and his needs.

 

What You Have to Do

 

1.      Download the bank comparison worksheet from this site. Save the document with the filename lastnamefirstinitial__P1. For example, Maria Gonzalez would save the file as gonzalezm_worksheet_P1. Remember the file must be saved as a WORD or Rich Text file. When you open the worksheet be sure to put a heading at the top with your name and the project title.

 

2.      Visit two different banks either in person or by reviewing their website. Get information on the different types of checking and savings accounts they offer. If they offer more than one type of each account be sure ot get information on all of them.  Be sure to record all the information you need to list your sources properly. Be sure to give the name of the bank you visited, the date, and the name and title of the person you spoke with in your list of references. If it was a web search be sure to get the exact URL and record the date you accessed the site.

 

3.      Complete the information in the worksheet for allof the accounts offered by the two banks. Copy the table as many times as you need to have enough spaces for all the accounts. Do not just say yes to a particular question; give details. For example, if there is a minimum amount required to open the account give the amount required. If the account pays interest give the rate and compounding period.

 

4.      Based on your research write up an analysis for Jimmy as to which account or accounts are best for his needs. Explain why in detail. Be sure to write in complete sentences.

 

5.      Now analyze your own banking needs. Based on your needs and the accounts offered by the banks you researched what account or accounts are best for you. Explain why in detail. Be sure to write in complete sentences.

 

6.      Money in checking accounts are referred to as demand deposits whereas savings are called time deposits. Do some research and find out the distinction. Write up a brief explanation. Use your own words.Do not copy and paste what you find.

 

7.      Do not create a new file to answer these questions. Add them to your worksheet file. (Be sure you have named the file with with the filename your lastnamefirstinitial__P1.)

 

8.      Include a Reference List giving all sources you consulted for this project. If you are not sure how to properly cite your references see http://www.bergen.edu/pages/2306.asp. (Note: The BCC English Department uses MLA format. You may use MLA, APA, or Chicago style but you must be consistent in your usage.)

 

9.      Attach your file(s) to the drop box for either Project_1  by the deadline, by clicking on the Assignment icon in the Action Menu or under Course tools.

You can upload the file.

Answers

Related Questions

Writing : 4681923...

HeadlineYour NameJewelry Manufacturing and Marketing Expert, Foreign Trade Consultant, Tours and TravelAgent, Front Office Assistant, Administrative A...

Business : After Hour Emails...

Due to increased complaints over after-hour emails, the company introduced a new policy thataddresses the issue. The new policy identifies that employ...

Computer Science : Cybersecurity...

Was cybersecurity a priority at Target? Explain.Answer:It was not a need at Target. They comprehended it after the POS strike that it is anenormous is...

Psychology : 5 Reports On Journal Psychological Sc...

Running head: 5 REPORTS ON JOURNAL PYSCHOLOGICAL SCIENCE5 Reports on Journal Psychological ScienceNameInstitution Affiliation15 REPORTS JOURNAL PSYCHO...

Health & Medical : Clinicians 1...

Running head: COMMUNICATION1CommunicationStudent nameInstitution affiliationCOMMUNICATION2IntroductionExcellent communication is an aspect that every...

Accounting : Code Of Conduct Case Study...

Running head: ACCOUNTING ETHICS PROJECTAccounting Ethics ProjectNameInstitutionInstructorCourseDate1ACCOUNTING ETHICS PROJECT2Accounting Ethics Projec...

Business Law : G257 Socialization...

Running head: SOCIALIZATION1SocializationInstitution AffiliationDateSOCIALIZATION2At Criminal Justice Organizations, those in leadership positions are...

English : Globalization Effects....

1Running Head: THE OPENING NIGHTThe Effects of GlobalizationStudents NameInstitutional AffiliationsTHE OPENING NIGHTThe Effects of GlobalizationGlobal...

Economics : Revision A...

1. Which component of GDP closely resembles countercyclical)- Investment3. Which one of the following is not a financial intermediary-Savings and Loan...

Business Law : Communication Hiring Planning Pensi...

Running head: INFORMAL GRAPEVINE1Informal GrapevineNameInstitutionINFORMAL GRAPEVINE2Informal GrapevineGrapevine is an informal way of communication (...

Economics : Gdp 1...

Running head: CALCULATION OF GROSS DOMESTIC PRODUCTCalculation of Gross Domestic ProductStudents NameInstitutional AffiliationGLOBALIZATIONQ1. Definit...

Management : Google Performance Management...

Running head: GOOGLE PERFORMANCE MANAGEMENTGoogle Performance ManagementStudents NameInstitution Affiliation1GOOGLE PERFORMANCE MANAGEMENT2Describe th...

Business Law : First Amendment Summary Story...

Surname 1NameTutorCourseDateThe United State currently has a prosecution case in court against Timothy Carpenter,one linked to a series of robberies t...

Sociology : Sexuality Gender...

SEXUALITY & DISORDERSTUDENT NAMECOURSE NAMEDATEINTRODUCTION The difference between gender and sexuality was more elaborate in the earlierdays. Individ...

Philosophy : Africa S Culture...

IntroductionThe Africas sacred culture as well as its visual arts is overwhelmingly appreciated fortheir visual strength and skill in which they are m...

History : Mexican War...

Surname 1SurnameProfessorInstitutionCourseDateSurname 2The Mexican American war was started in 1845; the main cause of the war then waswhether the bor...

Writing : The Daydreams Of A Drunken Woman...

Running head: THE DAYDREAMS OF A DRUNKEN WOMANThe Daydreams of a Drunken WomanInstitutional AffiliationNameDate1THE DAYDREAMS OF A DRUNKEN WOMAN2Clari...

Economics : Economics Assignment.......

Running Head: EFFICIENCY AND EQUITYEfficiency and EquityStudents NameInstitutions Name1EFFICIENCY AND EQUITY2Efficiency and EquityQuestion 1The dotted...

Health & Medical : Terms Definition...

Surname 1Terms definitionStudent name:Instructors name:Date:RationalismRationalism is the act of basing opinions on knowledge and reasoning rather tha...

Management : Human Resource Assignment...

Airline employee and labor relations is governed by:a. Wagner Actb. Right to Work Actc. Railway Labor Actd. None of the aboveThe National Labor Relati...

Economics : New Earth Moving Inc...

Running head: NEW EARTH MOVING INC.New Earth Moving Inc.Name:Course:Institution:Date:12NEW EARTH MOVING INCNew Earth Moving Inc.The case in the articl...

Geology : Geology And The Environment 1...

1Running Head: MASS MOVEMENTMass movementInstitutional affiliationDateMASS MOVEMENT2Geology and the EnvironmentEnvironmental geology involves the stud...

Marketing : Marketing Questions...

2nd NAME 1Students Name:Tutors Name:Course:Date Due:MarketingQ1. The United Nations organization was the one that created The BrundtlandCommission bac...

Psychology : Brain And Learnin1...

Running head: BRAIN AND LEARNINGBrain and learningNameInstitutionInstructorCourseDate1BRAIN AND LEARNING2Brain and LearningSummaryThe learning process...

If you didn't find the right answer

Ask Your Questions, We'll notify you once someone answers it