Cassandra is trying to think of a good way to keep her financial records. she makes a lot of purchases, using cash, debit cards, and credit cards about equally. when she gets home every day, she tends to be very tired and doesn’t like to do a lot of organized thinking. she tends to lose individual pieces of paper if she doesn’t file them immediately. what might be a good method for cassandra to use? a. recording all of her daily expenditures in an organizational computer program. b. keeping and collecting receipts for everything she buys. c. tracking and collecting her bank and credit statement

Over the past several years, joyce chen has been able to save regularly. as a result, today she has $54,188 in savings and investments. she wants to establish her own business in 5 years and feels she will need $100,000 to do so. a. if she can earn 6% on her money, how much will her $54,188 in savings/investments be worth in 5 years? will joyce have the $100,000 she needs? if not, how much more money will she need? b. given your answer to part a, how much will joyce have to save each year over the next 5 years to accumulate the additional money? assume she can earn interest at a rate of 6%. c. if joyce can afford to save only $4,000 a year then, given your answer to part a, will she have the $100,000 she needs to start her own business in 5 years?