Business, 06.11.2020 01:40 amarierivera547
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: 1
Business, 21.06.2019 22:30
An annuity that goes on indefinitely is called a perpetuity. the payments of a perpetuity constitute a/an series. the equation is: a stock with no maturity is an example of a perpetuity. quantitative problem: you own a security that provides an annual dividend of $170 forever. the security’s annual return is 9%. what is the present value of this security? round your answer to the nearest cent. $
Answers: 2
Business, 21.06.2019 23:30
The uno company was formed on january 2, year 1, to sell a single product. over a 2-year period, uno’s acquisition costs have increased steadily. physical quantities held in inventory were equal to 3 months’ sales at december 31, year 1, and zero at december 31, year 2. assuming the periodic inventory system, the inventory cost method which reports the highest amount for each of the following is inventory december 31, year 1/ cost of sales year 2 a: lifo fifo b: lifo lifo c: fifo fifo d: fifo lifo
Answers: 3
Business, 22.06.2019 05:30
The hartman family is saving $400 monthly for ronald's college education. the family anticipates they will need to contribute $20,000 towards his first year of college, which is in 4 years .which best explain s whether the family will have enough money in 4 years ?
Answers: 1
Business, 22.06.2019 05:30
In most states, a licensee must provide a(n) of any existing agency relationships to all parties
Answers: 3
You have $2,000 and want to invest in two savings goals: a short-term goal (less than one year) of s...
History, 20.04.2020 17:12
English, 20.04.2020 17:12
Arts, 20.04.2020 17:12
English, 20.04.2020 17:13
English, 20.04.2020 17:13
SAT, 20.04.2020 17:13
Mathematics, 20.04.2020 17:13
Mathematics, 20.04.2020 17:13
Social Studies, 20.04.2020 17:13
English, 20.04.2020 17:13
Mathematics, 20.04.2020 17:13