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B) Recall from Chapter 2 that the Sampsons currently have about $300 in cash and $1,700 in their checking account. This amount should be enough

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B) Recall from Chapter 2 that the Sampsons currently have about $300 in cash and $1,700 in their checking account. This amount should be enough to cover upcoming bills. The Sampsons have just started saving $800 per month. This money will be placed in CDs every month, which they chose in Chapter 5. These funds, earmarked for a down payment on a car and their children's college education, are not available to the Sampsons until the CD matures. Review the Sampsons' recent cash flow statement and personal balance sheet. The monthly savings of $800 are not included in the cash flow statement. Annualized Interest Rate Maturity (%) 1 month 3 months 6 months 1 year 3 years 5 years 7 years 10 years 4.0 4.2 4.6 5.0 5.2 5.4 5.5 6.0 B) Recall from Chapter 2 that the Sampsons currently have about $300 in cash and $1,700 in their checking account. This amount should be enough to cover upcoming bills. The Sampsons have just started saving $800 per month. This money will be placed in CDs every month, which they chose in Chapter 5. These funds, earmarked for a down payment on a car and their children's college education, are not available to the Sampsons until the CD matures. Review the Sampsons' recent cash flow statement and personal balance sheet. The monthly savings of $800 are not included in the cash flow statement. Annualized Interest Rate Maturity (%) 1 month 3 months 6 months 1 year 3 years 5 years 7 years 10 years 4.0 4.2 4.6 5.0 5.2 5.4 5.5 6.0

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