Question: 1. After seeing how much you can make in class by giving up your latte everyday, you decide at age 24 to start saving

1. After seeing how much you can make in class by giving

1. After seeing how much you can make in class by giving up your latte everyday, you decide at age 24 to start saving for a down payment on a house. You would like to buy a house in 6 years. Your Great Aunt Mabel gave you a gift of $5000 at Christmas. You can't decide if you should invest all the money for the house or not. a. Find the amount you will have in 6 years in each option. Option A: Option B: Option C: b. Which savings plan is the best option for you? Explain why you chose that option. A B. Use the $5000 for other needs and invest $100 each month in a high interest savings account that eams 5.2% APR compounded monthly Invest the $5000 you got from Great Aunt Mabel in an investment that averages 7% annual interest compounded monthly. C. Invest $2000 of the money from Great Aunt Mabel and $50 each month in the investment that averages 7% annual interest compounded monthly use the other $3000 of Great Aunt Mabel's money for other needs.

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