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8 February, 20:58

In which situation would a savings account be the best investment to earn interest?

A. Saving for retirement in 20 years

B. Saving to buy a new car in three years

C. Saving to buy a new house in seven years

D. Saving to easily access the money when needed

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Answers (2)
  1. 8 February, 21:04
    0
    Its a. saving for retirement in 20 years is the answer
  2. 8 February, 21:17
    0
    The best investment to earn interest with a savings account would be the letter A Saving for retirement in twenty years. At present, numerous financial products promise profitability of our money. One of those options are savings accounts. This consists of the transfer of a quantity of money to a bank. During the time that the money will be in the bank, it will generate interest. These interests, depending on the entity, can be paid daily, monthly, annually, etc. If we do not make any withdrawal, that amount will be added to the initial capital, increasing it, causing the profits to be capitalized through what is called compound interest. For this reason it is advantageous to keep the money in a savings account for several years in which the money will not be withdrawn, in order to maximize our savings.
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