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
Short Writing
Answers: 1
English, 22.06.2019 07:30
Select the sentence with the dangling modifier. which highlighted ones is it? it can only be one.
Answers: 2
English, 22.06.2019 08:30
What does the passage most clearly suggest about kiowa values
Answers: 2
English, 22.06.2019 09:00
Which of the following statements is most accurate? a. effective communication skills are not as important as technical skills. b. good communication skills can you in the classroom, on the job, and in your personal life. c. communicating effectively is not related to job success. d. learning to communicate effectively cannot be taught because communication skills are inborn.
Answers: 1
You have $2,000 and want to invest in two savings goals: a short-term goal (less than one year) of s...
Chemistry, 13.01.2020 02:31
Biology, 13.01.2020 02:31
Mathematics, 13.01.2020 02:31
English, 13.01.2020 02:31
Mathematics, 13.01.2020 02:31
Physics, 13.01.2020 02:31
Mathematics, 13.01.2020 02:31
History, 13.01.2020 02:31
Mathematics, 13.01.2020 02:31
Health, 13.01.2020 02:31
Mathematics, 13.01.2020 02:31