Peggy needs to pay car insurance 2 times every year. She has divided the payment by 6 and saves that amount each month. Which ac

Question

3 years ago

10

Peggy needs to pay car insurance 2 times every year. She has divided the payment by 6 and saves that amount each month. Which ac

count below is the best account in which to save this money? a. 401-K retirement fund with matching deposits from Peggy’s employer. b. A checking account, or a savings account for other expenses (predictable), and emergencies. c. A savings account for college tuition. d. Coin jar.

Mathematics

2 answers:

nekit [7.7K] · Answer 1 · 2022-04-12T08:17:03+03:00

nekit [7.7K]3 years ago

7 0

I would say the answer is B. To me it just makes more sense. I'm sorry if I'm wrong.

Paraphin [41] · Answer 2 · 2022-04-12T09:27:39+03:00

Answer:

b. A checking account, or a savings account for other expenses (predictable), and emergencies.

Step-by-step explanation:

Peggy needs to pay car insurance 2 times every year.

She has divided the payment by 6 and saves that amount each month.

So, the best account in which she can save this money is - A checking account, or a savings account.

Other options are irrelevant as a 401-K retirement fund is some other type of account. It is not used for daily or monthly expenses.

Options C and D are also not correct.