You just inherited $4,000. You need to decide whether to invest this money in a mutual fund,

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You just inherited $4,000. You need to decide whether to invest this money in a mutual fund, pay down your credit card debt, or simply hold the money in an interest-bearing checking account to pay upcoming bills.

1. Think Critically What is your current fi nancial situation, and do you foresee a legitimate need for extra funds in the short term?

2. Analyze What is the “health” of your emergency fund?

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