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2. You have $3000 saved in case you may need to pay for unexpected expenses. Analyze each of the following accounts and recommend which would
2. You have $3000 saved in case you may need to pay for unexpected expenses. Analyze each of the following accounts and recommend which would be the best place to put the $3,000. A) A three-year fixed-rate GIC earning four percent or B) A two-year cashable GIC earning three percent 3. Assume you would like to purchase a new car for $22,000. You currently have $4,000 saved in a 2-year GIC earning an interest rate of 3.5% with one year left on its investment term. The car company is advertising a "Fall" special with purchase finance rates of an A.P.R of 3.9% for a 4 year term, and an A.P.R of 1.9% finance rate for a 3 year term. 2. You have $3000 saved in case you may need to pay for unexpected expenses. Analyze each of the following accounts and recommend which would be the best place to put the $3,000. A) A three-year fixed-rate GIC earning four percent or B) A two-year cashable GIC earning three percent 3. Assume you would like to purchase a new car for $22,000. You currently have $4,000 saved in a 2-year GIC earning an interest rate of 3.5% with one year left on its investment term. The car company is advertising a "Fall" special with purchase finance rates of an A.P.R of 3.9% for a 4 year term, and an A.P.R of 1.9% finance rate for a 3 year term
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