Eric has $1,000 and would like to use it to start a savings program. He will add to the program regularly by investing $50 per month in a liquid account. Which of the following types of accounts would be most appropriate in this situation?(A) Series EE savings bonds(B) Money market deposit account(C) Certificates of deposit(D) U. S. Treasury bills(E) NOW account

Biochemical corp. requires $600,000 in financing over the next three years. the firm can borrow the funds for three years at 10.80 percent interest per year. the ceo decides to do a forecast and predicts that if she utilizes short-term financing instead, she will pay 7.50 percent interest in the first year, 12.15 percent interest in the second year, and 8.25 percent interest in the third year. assume interest is paid in full at the end of each year. a)determine the total interest cost under each plan. a) long term fixed rate: b) short term fixed rate: b) which plan is less costly? a) long term fixed rate plan b) short term variable rate plan