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If a person buys a five year CD certificate of deposit for $2000, the person should know that of the 5 years is prohibited
Time and money spent on college edu results in higher lifetime income .
compare quality and prices before making a large purchase.
stimulate the economy by encouraging spending or borrowing
having a good credit rating
Money in the savings account has greater liquidity
the mans account has more money because his money earned interest for longer period of time.
a penalty/fee is charged if a withdrawal made during the 5 years.
18
when the FED lowers the interest rate, it is trying to
Time and money spent on college edu results in higher lifetime income .
compare quality and prices before making a large purchase.
stimulate the economy by encouraging spending or borrowing
having a good credit rating
Money in the savings account has greater liquidity
the mans account has more money because his money earned interest for longer period of time.
a penalty/fee is charged if a withdrawal made during the 5 years.
18
A smart consumer should always take which of these actions
Time and money spent on college edu results in higher lifetime income .
compare quality and prices before making a large purchase.
stimulate the economy by encouraging spending or borrowing
having a good credit rating
Money in the savings account has greater liquidity
the mans account has more money because his money earned interest for longer period of time.
a penalty/fee is charged if a withdrawal made during the 5 years.
18
If a person receives a annual interest rate of 4% on a savings account, how many years will it take for the money to double. ( 72/Interest rate)= 72/4
Time and money spent on college edu results in higher lifetime income .
compare quality and prices before making a large purchase.
stimulate the economy by encouraging spending or borrowing
having a good credit rating
Money in the savings account has greater liquidity
the mans account has more money because his money earned interest for longer period of time.
a penalty/fee is charged if a withdrawal made during the 5 years.
18
A student who is deciding whether to go to college should know that ,in general
Time and money spent on college edu results in higher lifetime income .
compare quality and prices before making a large purchase.
stimulate the economy by encouraging spending or borrowing
having a good credit rating
Money in the savings account has greater liquidity
the mans account has more money because his money earned interest for longer period of time.
a penalty/fee is charged if a withdrawal made during the 5 years.
18
Which factor would most likely help someone.
Time and money spent on college edu results in higher lifetime income .
compare quality and prices before making a large purchase.
stimulate the economy by encouraging spending or borrowing
having a good credit rating
Money in the savings account has greater liquidity
the mans account has more money because his money earned interest for longer period of time.
a penalty/fee is charged if a withdrawal made during the 5 years.
18
A 20 year old man started depositing a $1000 a year into a savings account at 3% interest. His cousin started saving $2,000 a year in a savings acct in the same bank when she was 40 years old. Both accounts earned the same rate of interest. Today t
Time and money spent on college edu results in higher lifetime income .
compare quality and prices before making a large purchase.
stimulate the economy by encouraging spending or borrowing
having a good credit rating
Money in the savings account has greater liquidity
the mans account has more money because his money earned interest for longer period of time.
a penalty/fee is charged if a withdrawal made during the 5 years.
18
What is the advantage of having money is a savings account rather than in CD
Time and money spent on college edu results in higher lifetime income .
compare quality and prices before making a large purchase.
stimulate the economy by encouraging spending or borrowing
having a good credit rating
Money in the savings account has greater liquidity
the mans account has more money because his money earned interest for longer period of time.
a penalty/fee is charged if a withdrawal made during the 5 years.
18
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