In which situation would a savings account be the best investment to earn interest?

saving for retirement in 20 years
saving to buy a new car in three years
saving to buy a new house in seven years
saving to easily access the money when needed

Answers

Answer 1

Answer:

D). Saving to easily access the money when needed.

Explanation:

Savings account are the type of accounts in which you can deposit and keep your money safe while earning interest. But the interest rates on the savings account is relatively very low. Therefore, the best situation for investment in savings accounts to earn interest would be 'saving to access the money easily when needed' as it will help in investing the money at a place where the rate of return is higher or withdraw the amount whenever required. If we invest money in a savings account for a longer duration, you may not be able to earn much. Thus, option  D is the correct answer.

Answer 2

In accounting, A situation that would be best for savings account so that an investment can earn interest is D:saving to easily access the money when needed.

What is an investment?

An investment  can be regarded as asset or item that is been gotten so as to generate income or appreciation.

It should be noted that appreciation serves as increase in the value of an asset over time.

To earn interest, it will be best to use savings account so that there could be easy access to the  money when needed.

We can conclude that this will help to invest the money into good investment whenever you like.

Learn more about

investment at:

https://brainly.com/question/4871413


Related Questions

How have these plants and animals been affected by exposure to the Hanford nuclear reservation?

Answers

Answer:

By air and water

Explanation:

Air: the plutonium separation process at the Hanford site released radioactive isotopes in the air which were carried to several neighbouring states of Washington. These isotopes eventually entered the food chain via dairy cows grazing on contaminated fields.

Water: huge volumes of water from the Columbia river was used to dissipate the heat produced by the nuclear reactors. This water, that contained radioactive isotopes, was returned to the river. Radiation was later measured 200 miles downstream.

During Washington’s presidency, the first political parties were

Answers

Answer:

Federalist & Republican

Explanation:

two national parties competing for control of the presidency, Congress, and the states: the Federalist Party, created largely by Alexander Hamilton, and the rival Jeffersonian Democratic-Republican Party, formed by Thomas Jefferson and James Madison

Answer:

Formed

Explanation:

I just took the assessment

Which group of people was the 1930s song "Dust Bowl Blues" most likely about?

Answers

Answer:

Migrant workers from Oklahoma

Explanation:

The group of people who the 1930s song "Dust Bowl Blues" most likely about were the migrant workers from Oklahoma.

Dust Bowl Ballads is an album released by American folk singer named Woody Guthrie. The album was released by Victor Records in the year 1940. All the songs that was on the album dealt with the Dust Bowl and its consequences on the country and its people. Dust Bowl Ballads is considered to be the very first concept albums and also It was Guthrie's first commercial recording and the most flourishing and successful album released by Guthrie.

Drought and Depression caused the Southern and Great Plains states to became unlivable, California became the new comfort zone to desperate farmers. During this time, Guthrie spent time going from place to place with displaced farmers from Oklahoma to California. It was through this process that Guthrie know much about their traditional folk and blues songs and subsequently discovered his own version of the blues, and this earned him the nickname the "Dust Bowl Troubadour"

Answer:

A: Migrant workers from Oklahoma

Explanation:

edg2021

What was unexpected about President George W. Bush’s support for programs like No Child Left Behind and Medicare Part D?

Choose 1 answer:

Choose 1 answer:


(Choice A)

A

Both programs left key policy decisions up to the states, and as a politician Bush had generally favored a stronger central government.


(Choice B)

B

Bush's wife, Laura, strongly opposed both programs, leading to an unusual policy rift between the First Lady and the president.


(Choice C, Checked)

C

Those two pieces of legislation were much more aligned with traditional liberal policies that expanded federal spending, running counter to his conservative philosophy.

Answers

Answer:

C. Those two pieces of legislation were much more aligned with traditional liberal policies that expanded federal spending, running counter to his conservative philosophy.

Explanation:

No Child Left Behind Act was passed into law in January 2002, while Medicare Prescription Drug, Improvement, and Modernization Act was passed into law in December 2003, both programs were considered to be liberal policies, which is often associated with the Democrats party. However, since George Bush is of Republican party, and Republican party are characterized by their conservative policies. The two pieces of legislation we're considered to be unexpected coming from George Bush, which is seen as a contradiction to the conservative policies associated with Republicans.

Hence, What was unexpected about President George W. Bush’s support for programs like No Child Left Behind and Medicare Part D is that, those two pieces of legislation were much more aligned with traditional liberal policies that expanded federal spending, running counter to his conservative philosophy.

Some believe that Nixon was concerned with his own political future first and the country second. Do you agree? Do you think his own interests had anything to do with his decisions for the country?

Answers

Answer:

i can firmly say that he did nothing for the country out of the country's bennifit, he did it all because of his own wants.

Explanation:

in this qoute im about to make from him he clearly has no regard for anyone across the world or even his own people. I think we ought to move tanks, the whole godblank thing. Put a division in there, if necessary, It's time for action on it. If some Indians get shot, that's too godblank bad. If some Americans get shot, that's too bad, too.

Election officers are chosen by the:

A- caucus
B- election board
C- people
D- National convention

Answers

Answer:

B- election board

Explanation:

the body that is responsible for implementing election procedures

hope i helped

-lvr

Answer:

b election board

Explanation:

i use ow

This part of the constitution is know as the
A- supremacy clause
B— full frito and crédito
C- preamble
D tente amendment

Answers

Answer:

Is a preamble, please can you kindly add the complete question, to know how to answer it in its correct form.

Answer:

the answer is A

I KNOW IT

Explanation:

Go through your bank statement (or income and expense records) for the past three months and identify five anticipated income/expense items and five unanticipated income/expense items.

Answers

Answer:

Anticipated income/expenses falls in the category of what is expected by the individual while the unanticipated involves impromptu expenses.

The five anticipated income/expense items include

1. Salary

2.Food items shopping

3.Medical check ups

4.Transportation

5.Internet

The five unanticipated income/expense items include:

1. Drug purchase

2.Phone Repair

3. Loss replacement

4. Bike repair

5.Medical bill.

Answer:

(Answers may vary.)

Anticipated income or expenses are the probable income or expenses expected in the future. After analyzing my bank statement for the past three months, there were five anticipated income or expenses in my account.

Anticipated income: monthly salary and income received from selling handmade decorative items

Anticipated expenses: rent, installment payments for my laptop, and tuition fees

Unanticipated income or expenses are any gains or loss of income that is not expected.

Unanticipated income: income received from a winning lottery ticket and money sent as a gift by my uncle

Unanticipated expense: money transferred to my friend’s account, payment for a new cell phone (I lost my previous one), and payment for repairing damage from leakage in my apartment due to heavy rains

Explanation: edmentum sample answer

why did most people immigrate to America?

a. to send money home
b. for job training
c. to live in a large city
d. for a better life

Answers

D. Mostly likely D because America was seen as a new start for a better life.

Lmk if it was the right answer

Answer:

An opportunity of a better life

Explanation:

Which part of the Constitution establishes the legislative branch of the government?

Answers

Answer:

Article 1 establishes Congress

Explanation:

Answer:

Congress

Explanation:

constitution establishes the legislative Branch, which consists of Congress

Why did the Battle of Buxar prove to be the turning point in the history of the Subcontinent?

Answers

Answer:

The Battle of Buxar marked to the beginning of British control on the subcontinent (India).

Explanation:

The Battle of Buxar helped in establishing the rule of British in India. The battle fought in 1764 between the English army and forces mix of the Nawab of Bengal, the Mughal emperor, and the Nawab of Awadh. The defeat in the Indian side followed by treaties between the two including, the Nawabs and the British East India Company. Diwani rights given to the East India Company, which gave them rights to collect taxes. These rights allowed the Company to collect revenue directly from Bihar, Orissa, and Bengal.

Think of a modern day person who may suffer from hubris. This person can be a celebrity business

mogul, or someone in your life. Explain why you think their pride is extreme and may lead to their downfall.

Answers

Answer:

The answer to the question above is explained below:

Explanation:

Hubris could be simply explained as a demonstration of excessive pride accompanied by a promotion to a position that gives the person a room to exercise authority.

A modern day person who may suffer from hubris is an example of a person who gets arrogant with positon. This is what some may refer to as "power drunken". Hubris becomes obvious in an individual when a position of authority is bestowed on that individual.

Hubris becomes obvious in an individual when that individual show:

1. Excessive pride

2. Poor judgment

3. Boastfulness

4. Disregarding advice, and abusive towards others

Hubris pride is extreme because they exhibit excessive pride due to a position of authority they occupy which makes them have authority over others. Hubris want to be seen alone as a "messiah", making them make every other person irrelevant.

Hubris may lead to a person downfall because:

1. People would not like an individual with hubristic character, hence the withdrawal of their loyalty.

2. The person wouldn't like to be corrected, this may endanger the person's life.

3. The person may have too many enemies, carrying out the person's downfall becomes easy.

4. Poor judgment accompanied by " I  know all syndrome" would be detrimental to the person's progress in that position, hence leading to the person's downfall.

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