Katherine expects to invest all her savings into the cat caf. She is currently paying back her student loans- they charge an interest rate of 6.5%. She has diligently saved 20% of her salary since starting her career and keeps it in her chequing account- the account currently holds about $75,000. The bank recently sent her a letter about an investment opportunity that would provide 6.0% interest on a long- term savings account. Katherine was busy and used it to line the litter box.