3. Betty has saved $60,000 for a down payment on a home. She is now actively...
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3. Betty has saved $60,000 for a down payment on a home. She is now actively looking for her dream house and anticipates making an offer on a home within the next two months. If the offer is accepted, it will take up to three additional months to close on the house. Betty will need to deposit about $1,000 in an escrow account as "good faith" money when she makes the offer. The rest of the down payment is made at closing. The best place for Betty to deposit her funds now is A: B: C: D: the stock market. a municipal bond. a six-month certificate of deposit (CD). $1,000 in a two month certificate of deposit (CD) and the remainder in a six-month CD. 3. Betty has saved $60,000 for a down payment on a home. She is now actively looking for her dream house and anticipates making an offer on a home within the next two months. If the offer is accepted, it will take up to three additional months to close on the house. Betty will need to deposit about $1,000 in an escrow account as "good faith" money when she makes the offer. The rest of the down payment is made at closing. The best place for Betty to deposit her funds now is A: B: C: D: the stock market. a municipal bond. a six-month certificate of deposit (CD). $1,000 in a two month certificate of deposit (CD) and the remainder in a six-month CD.
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