Business High School

In which situation would a savings bond be the best investment to earn interest?
O if you need access to your cash quickly
O if you are saving each month for a new car
O if you are putting aside a chunk of money to purchase a house in five years
saving to pay a tax bill in four months

Answers

Answer 1

Answer:

C). If you are putting aside a chunk of money to purchase a house in five years.

Explanation:

The situation of 'putting aside a chunk of money to purchase a house in five years' with a savings bond would be the most appropriate investment for earning interest. This is the most convenient and easy mentod which assist in saving the amount for downpayment of the house which is the first step of owning a house. This has lesser risk of money being lost and makes it easier for proceeding towards the monthly installments to own the house completely. Thus, option C is the correct answer.

Answer 2

Answer:

C: In which situation would a savings bond be the best investment to earn interest?

Explanation:

on edge2021! hope this helps!~ (*^▽^*)

Related Questions


If the marginal benefit of the first donut is 30, the marginal benefit of the second donut is 15, and the marginal benefit of the third donut is 10,
what is the total benefit from eating 2 donuts?

Answers

Answer:

45

Explanation:

Marginal benefit is the additional satisfaction gained from consuming an additional unit of the good. It refers to the advantage associated with the consumption of one more unit of a product. The total benefit is total satisfaction derived from the consumption of goods and services.

The total benefit of consuming two doughnuts is the sum of consuming the first two doughnuts.

= 30 +45

=45

Jennifer is measuring the frequency of her customers' visits and the amount they spend annually. What kind of analysis is she performing?
Jennifer is performing (blank) analysis

Answers

Recency, frequency, monetary analysis is performed by Jennifer while measuring the frequency of her customers .

RFM investigation is a showcasing strategy used to quantitatively rank and gathering clients in view of the recency, recurrence and financial complete of their new exchanges to distinguish the best clients and perform designated promoting efforts.

You need to give each individual customer a recency score, a frequency score, and a monetary score in order to build an RFM model. The crude information, which can be gathered from a client data set from past exchanges, is then ordered in a calculation sheet or data set.

Learn more about RFM analysis:

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Michael earns $3,950 every month after taxes and deductions for social security and insurance. He puts $900 a month into savings. He wants to buy a $30,000 boat. He only has $11,000 saved up for this major purchase. He is willing to postpone the purchase for 2 years (24 months) in order to reach a savings goal of $30,000. Will Michael be able to afford the boat in two years if he continues to save $900 a month?

Answers

Answer:

Yes, Michael will afford the boat

Explanation:

So far Michael has saved $11,000.

The boats costs $30,000 to purchase.

Michael needs to raise $19,000  ($30,000 - $11,000) in two years to buy the boat.

Michael saves $900 per month. In 24 months he will have saved

=$900 x 24

=$21,600

Michael requires $19,000 but will have save $21,600 in two years. Therefore, he should be able to purchase the boat.

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