Business, 24.10.2020 03:20 aislynrae22
Okay can someone actually answer this?
You have $2,000 and want to invest in two savings goals: a short-term goal (less than one year) of saving for textbooks during your first year of community college, and a longer-term goal (over 1 year) of saving for a car when you graduate from college. Use the information in the chart below to explain how much you would choose to save for each goal, where you would save it, and why. When explaining your choices, be sure to consider the liquidity of each investment, the potential for interest earned, and any potential fees or penalties.
Savings Account
0.09% APY
No minimum deposit
MMA
1.05% APY
$500 minimum deposit
24-Month CD
2.9% APY
$250 minimum deposit
US Savings Bonds (Series EE)
0.1%
$25 minimum purchase
$15 fees for
any withdrawals in
excess of 6 per month
$15 fees for
any withdrawals in
excess of 6 per month
Penalty for early
withdrawal is 3 months
of interest or $25,
whichever is greater
Cannot redeem during
first 12 months;
before five years,
loss of 3 months of interest
Answers: 3
Business, 22.06.2019 18:50, gucc4836
Retirement investment advisors, inc., has just offered you an annual interest rate of 4.4 percent until you retire in 40 years. you believe that interest rates will increase over the next year and you would be offered 5 percent per year one year from today. if you plan to deposit $13,000 into the account either this year or next year, how much more will you have when you retire if you wait one year to make your deposit?
Answers: 3
Business, 22.06.2019 19:20, needhelp243435
This problem has been solved! see the answerwhich of the following statements is correct? the consumer price index is a measure of the overall level of prices, whereas the gdp deflator is not a measure of the overall level of prices. if, in the year 2011, the consumer price index has a value of 123.50, then the inflation rate for 2011 must be 23.50 percent. compared to the gdp deflator, the consumer price index is the more common gauge of inflation. the consumer price index and the gdp deflator reflect the goods and services bought by consumers equally well.
Answers: 2
Okay can someone actually answer this?
You have $2,000 and want to invest in two savings goals: a s...
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