You have just received word that you are receiving a $425,000 inheritance from your Aunt Sarah. In order to prove that you are financially responsible and will make best use of the funds, Aunt Sarah has requested that you present a detailed report on how you will manage the funds the she worked so hard to earn. Here are the stipulations:

A.)$42,500 Minimum - Aunt Sarah understands that thankfulness and happiness comes from helping others. She wants you to donate this money to at least three different charities or religious organizations of your choice. She asks that you carefully consider the many opportunities and causes that you can help with this money. She also asks that you take some of your time to help others whenever you can possibly do so.

B.)$42,500 Maximum - Aunt Sarah realizes that you may want to splurge on a big-ticket item, pay off current debt, upgrade your automobile, take a vacation, or satisfy some other desire/need. She is allowing you to spend up to $25,000 now to satisfy this area.

C.)$42,500 Minimum - Aunt Sarah suggests that you use this money to establish your first fully funded emergency fund. She wants you to maintain this amount as a minimum and that you build this fund up to where you have a minimum of 6 months of household expenses saved for emergencies.

D.)$297,500 - Aunt Sarah's investments served her well in her older years and she wants to make sure that you have the opportunity to experience a similar lifestyle in your later years of life. You are to accomplish this by diversifying the remaining $175,000 among at least three different investment areas such as stocks, bonds, real estate, annuities, etc.

1.)While respecting the wishes of your Aunt Sarah, essay that describes your plans for your inheritance which includes the following:

d.Describe how you plan to maintain and grow your emergency fund.

e.Explain your reasons for your investment choices.

f. itemized projection of how much your original investments will be worth in 5 years. Support this amount with verifiable research(i.e internet research, news/finance publications, etc). You must reference at least one resource for each investment area (minimum of three).

g.How has your attitude toward the idea of receiving a $425,000 inheritance changed because of taking ACCT 2145 - Personal Finance?