Juan saved $1 000 from his summer job cleaning pools. Which of these savings vehicles would work best for him if he doesn't need access to the money for a number of years AND wanted to earn the highest interest rate?
a. Certificate of Deposit
b. Checking account
c. Regular savings account
d. Money Market account
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Juan saved $1 000 from his summer job cleaning pools. Which of these savings vehicles would work best for him if he doesn't need access to ...” 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.
Search for Other Answers
You Might be Interested in
As a salesperson asks questions about a prospect's transportation system, the prospect says, "What I really want is reliable transportation at the lowest price I can get.
Answers (1)
Sunland Company issued $530,000, 15-year, 6% bonds at 96. (a) Prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
Answers (1)
The Quimbys obtain a loan that starts out at 5.5% interest. After five years, the interest rate will adjust to whatever the current market rate is. This is known as a/an:
Answers (1)
Fernstrom Corporation has two divisions: East and West. Data from the most recent month appear below: East West Sales $ 330,000 $ 144,000 Variable expenses $ 132,000 $ 76,320 Traceable fixed expenses $ 140,000 $ 43,000 The company's common fixed
Answers (1)
steak n fries restaurant company decision makers view a particular risk in the consumption of steak n fries profucts as open and obvious.
Answers (1)
New Questions in Business
The same person opens incoming mail and posts the accounts receivable subsidiary ledger.
Answers (1)
George failed to pay $5,000 of income tax due with the filing of his return, which was timely filed on April 15th. He waits until June 10th after April 15th to pay the tax. How much will his penalties be?
Answers (1)
On November 1, 2019, Juno, Inc. declared a dividend of $3.00 per share on common stock. Juno, Inc. has 10,000 shares of common stock outstanding and 20,000 shares of preferred stock.
Answers (1)
Fallon Corporation reports net income of $370,000. Accounts Receivable balances at the beginning and end of the year were $40,000 and $48,000, respectively. Beginning and ending Inventory balances were $60,000 and $54,000, respectively.
Answers (1)
An asset was purchased for $60,000 and originally estimated to have a useful life of 10 years with a residual value of $3,000.
Answers (2)