Question

Short-term, intermediate-term, and​ long-term goals are similar in that all represent important financial objectives to be accomplished in the future. They differ in time horizon.
1 A short-term An intermediate-term A long-term goal can be accomplished within a​ 1-year period.
2. A short-term An intermediate-term A long-term goal may take from 1 year to 10 years to accomplish.
3. A short-term An intermediate-term A long-term goal is one for which it takes more than 10 years to accumulate the money

Answer 1

Answer:

Though its not explicity mentioned in the question, I am assuming you want to know the correct option. The correct option in this case is option 2.

Explanation:

As stated in the question, the difference in classifying goals as either long term, short term or intermediate depends on the time frame involved.

Short term goals can be achieved in a few months generally and are set to define goals with the time horizon of a maximum of 1 year.

A long term goal, as the term suggests, is one that takes a significant amount of time. Generally, long term goals are set using a time frame of 10 years.

Given that long term goals cover a longer time period while a short term goal covers a span of 1 year, individuals many times set intermediate goals to keep them motivated. Intermediate goals therefore generally cover a time frame of 2 to 5 years.

Therefore, in the context of the question, these three types of goals can take from 1 to 10 years to accomplish