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Elenna [48]
3 years ago
11

Sofia has saved $10,000 and wants to be sure that she is earning substantial interest on her money. Though she plans to add to h

er savings as her earnings increase, she wants to be able to access her money if the need should arise. Which type of account is most suitable for Sofia’s needs?
Mathematics
2 answers:
mamaluj [8]3 years ago
4 0
Because she wants to be able to access her money she needs a high interest savings account that used compound interest that compounds as often as possible.

Hope that helps
ludmilkaskok [199]3 years ago
3 0

Answer;

A money market account

Explanation;

-A money market account is an interest-bearing account that typically pays a higher rate of interest than a savings account, and also provides the account holder with limited check-writing ability.

-Its minimum deposit and balance is often considerably higher than the minimum balance of a basic savings account.

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