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How much money would your savings balance be after one year if you have $1000 earning 2% intrest
sinking fund
spending more money than you make and acquiring debt
all of these
$400
$1020
so your emergency fund savings can earn a lot of interest
both initial investment and length of time are important
$9000-$18000
The saving habits of Ben and Arthur mentioned in Ch 2 best illustrate which principle of saving?
sinking fund
spending more money than you make and acquiring debt
all of these
$400
$1020
so your emergency fund savings can earn a lot of interest
both initial investment and length of time are important
$9000-$18000
What does it mean to have a negative savings rate?
sinking fund
spending more money than you make and acquiring debt
all of these
$400
$1020
so your emergency fund savings can earn a lot of interest
both initial investment and length of time are important
$9000-$18000
Which of the following is not a reason your emergency fund should be kept in a separate account away from your spending money
sinking fund
spending more money than you make and acquiring debt
all of these
$400
$1020
so your emergency fund savings can earn a lot of interest
both initial investment and length of time are important
$9000-$18000
Instead of borrowing money for purchases, you should set money aside in a ___ over time and pay with cash
sinking fund
spending more money than you make and acquiring debt
all of these
$400
$1020
so your emergency fund savings can earn a lot of interest
both initial investment and length of time are important
$9000-$18000
Which of the following is a reason that people don't save money?
sinking fund
spending more money than you make and acquiring debt
all of these
$400
$1020
so your emergency fund savings can earn a lot of interest
both initial investment and length of time are important
$9000-$18000
Using the sinking fund, how much do you have to save each money to buy a $4800 car one year from now?
sinking fund
spending more money than you make and acquiring debt
all of these
$400
$1020
so your emergency fund savings can earn a lot of interest
both initial investment and length of time are important
$9000-$18000
If your monthly expenses were $3,000, your fully funded emergency fund should be
sinking fund
spending more money than you make and acquiring debt
all of these
$400
$1020
so your emergency fund savings can earn a lot of interest
both initial investment and length of time are important
$9000-$18000
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