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 offers the better return?
Answer to relevant QuestionsWhy might you need to revise your financial plan? Julia brings home $1,600 per month after taxes. Julia's rent is $350 per month, her utilities are $100 per month, and her car payment is $250 per month. Julia is currently paying $200 per month to her orthodontist for her ...Name three classifications of assets. Briefly define and give examples of each. Judy pays off her car loan and now must decide how she wants to invest the extra $ 3,648 per year that she budgeted for car payments. She decides to invest this additional amount in her employer sponsored retirement plan. ...How likely is it that the Sampsons will achieve their financial goals now that they have captured them in a financial plan? What activity must they periodically undertake?
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