Mathematics, 26.06.2020 17:01 amm2795
Niki deposited $10,000 in a CD and will get charged penalties if she makes withdrawals within six years. However, she will need this money to pay for college tuition next year. What should Niki have considered before opening up her CD?
Rate of return
Interest rate
Consider the term of the investment and how soon you may need that money
How much money she wants to deposit in her account over the next six years.
Answers: 1
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Niki deposited $10,000 in a CD and will get charged penalties if she makes withdrawals within six ye...
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