Mark, aged $26,$ works as a farmhand on his family's farm. Mark's grandfather

recently passed away and left Mark a $$100,000$ cash inheritance. Having little

investment experience, Mark approaches Devon, a local life licensed

insurance agent, for investment advice.

Mark tells Devon that his investment objectives include the growth of his

principal over time, but that he wants it readily available if he were to

purchase available land.

Given Mark's objectives, what investment concepts should Devon be

explaining to him?

Compounding and present value.

Diversification and asset classes.

Compounding and liquidity.

Present value and diversification.