Find the websites of three different financial institutions that offer the money management tools discussed in this section. write a report (about 500 words) describing how you would use each of these tools.

I used Central National Bank, Fidelity Investments, and Allstate

Morgage Calculator- A morgage calculator can find the monthly payment you would need to pay in order to pay off your loan based on your loan amount, interest percent, and term you want to pay it off by or it can be used to see how much you would pay monthly on a house you are interested in buying.

Budgeting Tools- A budget is used to help you plan and give you an idea of how much you can spend and how much you should set aside for the future or in case of an accident. You can put in how much money you make, how much you spend on gas, phone/utility bills, morgage/rent, how much you spend on groceries, transportation, health care, other monthly obligations, etc. After you subtract all of your investments you can see how much you have left over so you can decide if you want to spend a little extra that month or how much you want to put away for emergencies.

Spending Analyzer- A spending analyzer gathers how much you spend for a certain amount of time. It can be a bar graph, pie chart, or a spread sheet. It can allows you to track spending costs related to home (mortgage), kids (ballet classes), food bills, health (doctor’s visits), transportation (gas and car payments), entertainment (internet), and utilities (water and electricity) and it shows you where you are overspending.

Amortization Schedule- An amortization schedule can help track how much you have left to pay something off. Some examples could be for: Home Morgage- morgage, refinancing, home equity; and Loans- home/auto, personal, business, student, installment, payday, and dept consolidation. For the AS calculator I found you insert the type of loan, the loan amount, loan term, and interest amount.

answer; buying the bill at a discount from the face value to be received at maturity;