Norm has $15,000 to deposit. His daughter is a junior in high school and plans to go to college. Recommend the best way for Norm to store his money. Note that the interest rates are expressed on an annual basis. a. A four-year CD paying 4.8% interest, with a substantial penalty for early withdrawal b. An online savings account offering 2.3% interest c. A money market account paying 3.5% interest, renewable for three-month commitments d. A checking account with no monthly fees
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Norm has $15,000 to deposit. His daughter is a junior in high school and plans to go to college. Recommend the best way for Norm to store ...” in 📗 Mathematics 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
Solve the equation and state a reason for each step. 8x - 4 = 5x + 8
Answers (1)
Jackson paints every face of the cube what is the total surface area in square centimeters of the cube Jackson paints?
Answers (1)
Randy wants to either ride share to work or drive his own car to work, but it is impossible for Randy to ride share and drive his own car in one trip. If the probability that Randy ride shares is 0.
Answers (1)
Factor x^2-6x+9 A.) (x-3) B.) (x-3) (x+3) C.) (x-3) ^2 D.) (x+3) ^2
Answers (1)
The leg of a right triangle is 3 units and the hypotenuse is 4 units. What is the length, in units, of the other leg of the triangle? square root of 5 square root of 7 5 7
Answers (1)
New Questions in Mathematics
Logan ate 1.438 pounds of grapes. His brother Ralph ate 1.44 pounds of grapes. Wich brother ate more grapes?
Answers (1)
If x=11 units and h=7 units, then what is the area of the triangle shown above
Answers (1)
What is when 12+21 to the 8th power
Answers (2)
Eight times the sum of a number and six
Answers (1)
What is the period of y=sin (3x)
Answers (1)