Issue:
december is approaching, and sylvestor investor is anticipating a year-end bonus of $10,000. sylvestor and his wife, frugala, agree to invest the money rather than spend it. sylvestor is so eager that he begins day trading in november, losing almost the whole month’s paycheck. alarmed, frugala packs up his computer and sends it to her cousin wilder in australia’s outback. when his bonus arrives, sylvestor has to find other ways to put his money to work.

part 1:
frugala immediately sends sylvestor to the bank with his bonus check. there he places all $10,000 in a savings account, promising himself not to settle for an interest rate of 2.9 percent for long. the bank’s financial adviser suggests that sylvestor consider certificates of deposit or possibly mutual funds, and frugala suggests that he buy more life insurance.

2) where would sylvestor go to talk to a stockbroker?
3) if sylvestor waits a year, how much money will he have available to invest?