Will give double the points
your fixed expenses are $1,151.65/month. you saved 4 months' worth...
Mathematics, 30.11.2019 11:31 claytonashley30
Will give double the points
your fixed expenses are $1,151.65/month. you saved 4 months' worth in an emergency fund.
option1: you invest 25% of your emergency fund in a savings account at a 3.3% apr and the rest in a 60-day cd at a 4.3% apr.
option 2: you invest 100% of the emergency fund in a savings account at a 3.3% apr.
between these options, what is the difference in interest earned after 60 days?
$15.35
$9.11
$5.68
$4.96
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