Juanita is saving up to buy a truck. She wants to put $4000 down and borrow the rest. That down payment will lower the monthly payment so she can easily afford a new truck. She has been saving for 18 months and has half the money. It will take her about the same amount of time to save up the other half. What should she do with the $2000 in the meantime?
A. O purchase a government bond and postpone the purchase
B. • keep it in her checking account with the money she spends regularly
C. • change her strategy and borrow all of the money to get the truck sooner
D. • invest in a treasury bill so that she can access the money when she needs it
B. keep it in her checking account with the money she spends regularly
By keeping the $2000 in her checking account with her regular expenses, Juanita can easily access the money when needed for any unforeseen expenses or emergencies. This way, she can continue working towards her goal of saving up for a truck while still having access to the funds when necessary.