I need help with my personal finance homework but its due by tomorrow morning so I would need it done...

Six months has passed. Gary Grandview is pleased with your assistance in preparing his personal financial statements and your suggestions for improving his personal financial situation.

Gary has left you a message on your voice mail. He has called you for guidance on questions that have come to mind after reviewing the information you have given him to date.

First, Gary wants to know what bank or brokerage firm he should move his accounts to. He has heard from friends that there are financial institutions that will assist him in making investment and money management decisions, however, he is not sure where to find them. Gary feels that savings accounts and bonds are boring and has no desire to have either one because the interest rates are so low.

Second, Gary is concerned about his liquidity. Gary now has two credit cards; one of which he opened ($10,000 credit limit) while in college because they were offering a free ball cap. Gary has reached the maximum of his credit limit on the first card and has accumulated $2,000.00 on the second card ($5,000 credit limit). Each credit card company charges Gary an annual fee of $40 and 22% interest rate on the revolving unpaid balance. Gary is questioning whether or not it is necessary to pay off his credit card at this time. It is becoming increasingly difficult to make the combined higher $240.00 monthly payments.

Third, Gary has invested in speculative tech stock. He is reluctant to sell his stock to get cash to pay off part of the credit card balance because he thinks the stock could double in value over the next five years.

The last item of concern on Gary’s list is the volume of mail he is receiving. Gary has received multiple offers for new credit cards in his house mail box, and his junk mail is getting uncontrollable. Gary is a man on the move and often conducts his private business on his cell phone. Gary likes the freedom of being able to talk on the go.