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The Sampsons have just started saving $800 per month. This money will be placed in CDs every month, which they chose in Chapter 5 .
The Sampsons have just started saving $800 per month. This money will be placed in CDs every month, which they chose in Chapter 5 . These funds, earmarked for a down payment on a car and their children's college education, are not available to the Sampsons until the CDs mature. 1. The Sampsons are starting to save money but still have not made any decision about investing their money in CDs. They are now concerned about potential repair expenses for Sharon's car. They would like to have sufficient liquidity so that if they need to buy her a new car immediately, they could afford a down payment without being forced to cash in CDs early (because they would be charged a penalty). How might they revise their CD investing strategy to increase their liquidity? 2. Advise the Sampsons on money market investments they should consider to provide them with adequate liquidity. The Sampsons have just started saving $800 per month. This money will be placed in CDs every month, which they chose in Chapter 5 . These funds, earmarked for a down payment on a car and their children's college education, are not available to the Sampsons until the CDs mature. 1. The Sampsons are starting to save money but still have not made any decision about investing their money in CDs. They are now concerned about potential repair expenses for Sharon's car. They would like to have sufficient liquidity so that if they need to buy her a new car immediately, they could afford a down payment without being forced to cash in CDs early (because they would be charged a penalty). How might they revise their CD investing strategy to increase their liquidity? 2. Advise the Sampsons on money market investments they should consider to provide them with adequate liquidity
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