Question

Doug & Jennifer are a 40-something married couple. They have built up an emergency

fund of $10,000 that they would like to invest in order to benefit from compound
interest.
How would you recommend they invest their emergency fund?

Answer 1

The answer is below

Step-by-step explanation:

Doug & Jennifer should invest their emergency fund of $10,000 by doing the following to benefit from compound interest:

1. Keep their money in high-yield banks: this type of investment delivers compound interest on money saved or invested in high-yield banks.

2. By investing their money in the Money Market Accounts: this also allows easy access to their money whenever they need it, while also earning money from their investment through compound interest.