Register
Holly deposited $7,000 in a CD and will get charged penalties if she makes withdrawals within five years. However, she will need this money to pay for college tuition next year. What saving and investing
9.8k views
0 votes
Holly deposited $7,000 in a CD and will get charged penalties if she makes withdrawals within five years. However, she will need this money to pay for college tuition next year. What saving and investing principle should Holly have followed?

Understand your risk tolerance.
Diversify.
Keep investments simple.
Consider how long you plan to keep your money in the investment.

User Olivier Lalonde
by
5.6k points

2 Answers

5 votes

Answer:

Consider how long you plan to keep your money in the investment.

Step-by-step explanation:

User Babbageclunk
by
5.4k points
1 vote

Answer:

Consider how long you plan to keep your money in the investment.

if this isn't the answer i do apologize

User Stokastic
by
5.4k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.9m questions

7.7m answers

Other Questions

_____ reminds customers and clients that they made a good choice in selecting a company with which to do business, or it reminds them of the good qualities of their purchase.​
Demonstrate how binomial nomenclature is related to classification systems by identifying the genus name and the specific name of the domestic cat felis catus
On august 1 the darius co. purchased a photocopy machine for $8,000. the estimated annual depreciation on the machine is $1,680. if the company prepares annual financial statements on december 31, the
When president obama was elected, the u.s. economy was in trouble, and has slid into a recession. consumer spending was low and getting worse. in an effort to stop the decline, president obama proposed
In a gallup poll of 1059 randomly selected adults, 39% answered "yes" when asked "do you have a gun in your home?"
Link Copied!