Money into some sort of savings option

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Reference no: EM133674881

Questions

1. You are 24, have your first real career, and you have $5,000 you wanted to put into some sort of savings option which institution (commercial bank or credit union) and what type of account would you choose? Why?

2. You are 15, you always receive $400 for your birthday each year from your family, you want to put it into some savings option, which institution (commercial bank or credit union) and what type of option would you choose? Why?

3. You are 30, you just had your first child, you want to invest $2,000 into a savings option for the child, which institution (commercial bank or credit union) and what type of savings option would you use? Why?

4. You are 35, you are at your prime in your career, you have $4,000 that you wish to make some money on, you enjoy risks, what type of savings option should you invest in and from what institution (commercial bank or credit union)? Why?

5. You only have a small amount of money to invest, between $50-$200, you want to invest this money into some sort of savings option. What type of savings option and through what institution (commercial bank or credit union) should you use? Why?

Reference no: EM133674881

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