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Norm has $ 1 5 , 0 0 0 to deposit. His daughter is a junior in high school and plans to go to college.
Norm has $ to deposit. His daughter is a junior in high school and plans to go to college. Recommend the best way for Norm to store his money. Note that the interest rates are expressed on an annual basis, a A fouryear CD paying interest, with a substantial penalty for early withdrawal b An online savings account offering interest c A money market account paying interest, renewable for threemonth commitments d A checking account with no monthly fees Please select the best answer from the choices provided A B C D
Norm has $ to deposit. His daughter is a junior in high school and plans to go to college. Recommend the best way for Norm to store his money. Note that the interest rates are expressed on an annual basis,
a A fouryear CD paying interest, with a substantial penalty for early withdrawal
b An online savings account offering interest
c A money market account paying interest, renewable for threemonth commitments
d A checking account with no monthly fees
Please select the best answer from the choices provided
A
B
C
D
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