Which of the following is generally true about a a savings vehicle?
a- savings vehicles are only useful for long term
b- people should evaluate different forms of savings vehicles based on their needs
c-savings vehicles are never insured
d- all of the above

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?