1. In which life stage should you explore the following financial instruments? (LO 3-1) a. Savings account...

Question:

1. In which life stage should you explore the following financial instruments? (LO 3-1)

a. Savings account

(1) Dependent

(2) Independent

(3) Early Family

(4) Empty Nest

(5) Retirement

b. Home equity line of credit

(1) Dependent

(2) Independent

(3) Early Family

(4) Empty Nest

(5) Retirement

c. Reverse mortgage

(1) Dependent

(2) Independent (3) Early Family (4) Empty Nest (5) Retirement

d. Student loan (1) Dependent (2) Independent (3) Early Family (4) Empty Nest (5) Retirement

e. Auto loan (1) Dependent (2) Independent (3) Early Family (4) Empty Nest (5) Retirement

f. 401(k) Plan (1) Dependent (2) Independent (3) Early Family (4) Empty Nest (5) Retirement g. Mortgage (1) Dependent (2) Independent (3) Early Family (4) Empty Nest (5) Retirement h. 529 Plan (1) Dependent (2) Independent (3) Early Family (4) Empty Nest (5) Retirement i. Certificate of Deposit (1) Dependent (2) Independent (3) Early Family (4) Empty Nest (5) Retirement j. Credit Card (1) Dependent (2) Independent (3) Early Family (4) Empty Nest (5) Retirement

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