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Janice Sanders Plans on Saving $12,000 for 3 Years Until

Question 115

Multiple Choice

Janice Sanders plans on saving $12,000 for 3 years until she returns to college for her master's degree in personal financial planning.She would like to receive a fixed rate of return over that period.Which of the following would you recommend?


A) money market deposit account
B) 1-year certificate of deposit
C) 3-year certificate of deposit
D) Series EE US savings bond
E) b or c

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