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October 25, 2014

Homework Help: Investment???

Posted by Math Help on Tuesday, March 29, 2011 at 7:48pm.

Erik Johnson has just become a heir to $15 000. He is 23 years old, and he has graduated from a University business program. He works as an assistant managager of a retail store. He lives with his friend in a two bedroom apartment. He saves 5% of his monthly paycheck. Erik wants to save his inheritance in secure investments because he does not wish to lose out on his money. Though he also wants a good yield on his investment. The only main cost that Erik arranges is a 1 week vacation in the Carribean. What suggestion may possibly be given to Erik on how to invest his $15 000?

I don't get the whole idea of investments, Im a beginner on this stuff, and I just "dont" get it. Therefore, could someone please simplify all this for me to understand. I really don't get it.

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