In June, Leslie wins a cash prize of $2,000. She plans to use this money to pay her tuition bill in September. Leslie puts this
money in a savings account because her main priority is _____. A. receiving the maximum amount of interest possible B. liquidity, since she'll need to use the money in a short time C. taking a risk in hopes that she'll get a high return D. making a safe long-term investment
Because Leslie will be needing the money in 3 months time from June. Her priority is to ensure flexible cash flow, so that she could pay her tuition fees in Sept.
A fixed annuity is an insurance contract that pays a guaranteed rate of interest on the owner's contributions and later provides a guaranteed income
Explanation:A fixed annuity is an insurance contract that pays a guaranteed rate of interest on the owner's contributions and later provides a guaranteed income
