I have $5,000 and am weighing various options to save more for my sons' college tuition. There are 4 different account options: direct portfolio, guaranteed interest, high risk stock, or do nothing. The guaranteed interest account has a return of $9,000. The direct portfolio has a 5% chance of returning $20,000 a 60% chance of returning $15,000, a 30% chance of returning $10,000, and a 5% chance of returning $4,000. The high risk stock has a 1% chance of returning $100,000 and a 99% chance of losing everything.
+1
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “I have $5,000 and am weighing various options to save more for my sons' college tuition. There are 4 different account options: direct ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Home » Business » I have $5,000 and am weighing various options to save more for my sons' college tuition. There are 4 different account options: direct portfolio, guaranteed interest, high risk stock, or do nothing.