Eric has set a financial goal to purchase a home in three years. He wants a four-bedroom house with a big backyard on the lake. He currently has $5,000 in his savings account. If he doesn’t deposit or withdraw any money, what type of savings account should he choose? Keep in mind that he wants to have the most money in his account at the end of three years

The best savings account options for Eric are: Select all that apply:

CD
money market
basic savings account
IRA

Question

04-05-2021
Mathematics

Answered

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Eric has set a financial goal to purchase a home in three years. He wants a four-bedroom house with a big backyard on the lake. He currently has $5,000 in his savings account. If he doesn’t deposit or withdraw any money, what type of savings account should he choose? Keep in mind that he wants to have the most money in his account at the end of three years

The best savings account options for Eric are: Select all that apply:

CD
money market
basic savings account
IRA

Sagot :

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