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

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 U.S.savings bond
E) b or c

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Access For Free