3. Now that you have a regular income, you have decided to "pay yourself first" by saving some of your money. Experts recommend saving a minimum of 10% of your income. Research a variety of investment options. Decide what goals you have for your savings. Choose an investment option that will help you reach your goals. Explain your choice and address these points: a) Are your goals short term or long term? Explain what they are specifically. b) For how many years will you be investing your money? Explain your choice. c) What is the interest rate offered by the investment you have chosen? d) What is the doubling time of your investment choice? (ie. How long will it take to double your money?)

3. Now that you have a regular income, you have decided to "pay yourself first" by saving some of your money. Experts recommend saving a minimum of 10% of your income. Research a variety of investment options. Decide what goals you have for your savings. Choose an investment option that will help you reach your goals. Explain your choice and address these points: a) Are your goals short term or long term? Explain what they are specifically. b) For how many years will you be investing your money? Explain your choice. c) What is the interest rate offered by the investment you have chosen? d) What is the doubling time of your investment choice? (ie. How long will it take to double your money?)

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 5MC: If you are saving the same amount each month in order to buy a new sports car when the new models...

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