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Please help me solve this. c) Mr. and Mrs. Smith, we here at Reyes Financial believe that we can help you reach your financial goals.
Please help me solve this.
c) Mr. and Mrs. Smith, we here at Reyes Financial believe that we can help you reach your financial goals. After analyzing all options for you, we have come to the conclusion that option 2 would benefit you the most. Option 2 will allow you to reach your goal within the six year time frame that you have set for yourselves. We have broken down the number below. c) The couple wants to save $35,000 in six years. Write a brief summary to the couple that describes the implications of these options. Option 1. keeping your current saving will allow you to reach $34,256 in six years. Option 2. will get you to $35,212 in six years, Option 3 will get you $34.696 in six years. Option 4 will get you $33,425 in six years. Option 4 is the only option that is worse than your current savings, because it has the lowest interest rate out of all the options. Even though option 2 only accumulates interest once a year, it's higher interest rate will make the most amount of money for you in the six year time frame Step by Step Solution
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