In the previous question, you decide to pay off the car loan and invest the difference. Now you no longer have a $ 350 per month car payment. Suggest some ways you might use these additional funds.
Answer to relevant QuestionsWhat are the three elements of planning to protect your assets? Define each element. What are the six key components of a financial plan? You have some extra cash in your budget that you wish to invest. You have narrowed your choices to a single stock, Treasury bonds, or stock mutual funds. What characteristics of each investment alternative should you ...Discuss how managing liquidity fits into your financial plan. What is the liquidity trade off? Judy (from problem 1) is also considering investing the $ 12,500 in a certificate of deposit (CD). She is guaranteed a return of 4% on a four year CD. How much would Judy earn from the CD? Which of the two alternatives ...
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