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You have $2,000 and want to invest in two savings goals: a short-term goal (less than one year) of saving for textbooks during your first
You have $2,000 and want to invest in two savings goals: a short-term goal (less than one year) of saving for textbooks during your first year of community college, and a longer-term goal (over 1 year) of saving for a car when you graduate from college. Use the information in the chart below to explain how much you would choose to save for each goal, where you would save it, and why. When explaining your choices, be sure to consider the liquidity of each investment, the potential for interest earned, and any potential fees or penalties
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To determine how much to save for each goal where to save it and why lets analyze the information in the chart provided while considering factors such ...Get Instant Access to Expert-Tailored Solutions
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