Your great aunt Mary passed away and left you an inheritance of $5,000. Since you don't have a need for the money in the near future, which of the following would be the best place to put the $5,000?
A) A savings account earning 1% interest
B) A checking account
C) A five-year CD paying 4.38% annually
D) High-risk stock in a producer of natural gas that is predicted to triple in the next year
Answer: C
Business
You might also like to view...
The percentage of net credit sales approach for recognizing bad debts considers any existing balance in Allowance for Doubtful Accounts
a. True b. False Indicate whether the statement is true or false
Business
Discuss the purpose and key features of a value stream map (VSM)
Business
What is horizontal analysis, and why is it useful in performing financial performance measurement?
Business
Discuss how a managerial accounting report prepared for an internal user might differ from a financial accounting report prepared for an external user
Business