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MYESTMENT DECISION:- Kotherine expects to invest all her sovings into the cat cof. She is currently paying back her student loans they charge an interest
MYESTMENT DECISION:- Kotherine expects to invest all her sovings into the cat cof. 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 accountthe account currently holds about $75,000. The bank recently sent her a letter about on 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. After calling her partner back home, Katherine realized she cannot address his inquiry about structuring the new business. Katherine just wants to run a successful business- she doesn't want to deal with decision making or bringing extra people into operations. She prefers spending her time with the cats rather than people, but maybe she can bring on her partner as an investor in the company. Katherine knows he's saving up to start his own tech start up, but she could use the $90,000 he has saved up to reduce her borrowing from the line of credit at 9.5%. Plus, he could put his degree to use and help with the numbers side of things
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