MATH

Erik Johnson has just become a heir to $15 000. He's 23 years old, and hes graduated frm university business program. He works as an assistant managager of 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 cause 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?

  1. 👍 0
  2. 👎 0
  3. 👁 251
  1. Erik should shop around for the best interest on tax-free municipal bonds or certificates of deposit.

    1. 👍 0
    2. 👎 0
    👩‍🏫
    Ms. Sue

Respond to this Question

First Name

Your Response

Similar Questions

  1. math, depreciation

    A workcenter system purchased at a cost of $60,000 in 2015 has a scrap value of $12,000 at the end of 4 years. If the straight-line method of depreciation is used. a) find the rate of depreciation. b) Find the linear equation

  2. History

    Which most accurately describes an architectural achievement of the Byzantine Empire? sagrada Familia, located Barcelona, was the largest church for nearly 1,000 years the Hagia Sophia, located in Constantinople, was the largest

  3. math

    Marie Coolidge is a new employee. She has five years of experience in a similar job, where she was paid $45,000–$65,000. She has four years of higher education. Her current salary will be $55,000.

  4. math

    Johnson had 22,000 shares in a blue chip company before a stock split of 2:1. How many shares does Johnson have after the stock split? 44,000 66,000 88,000 11,000

  1. economics

    Samantha Jones has a job as a pharmacist earning $30,000 per year, and she is deciding whether to take another job as the manager of another pharmacy for $40,000 per year or to purchase a pharmacy that generates revenue of

  2. History

    Which of the following were actions that motivated Radical Republicans to seek the impeachment of President Johnson? Choose all that apply. A. President Johnson encouraged former Confederate states to reject the Fourteenth

  3. HISTORY

    Which answer best describes President Johnson's role in Reconstruction? Johnson wanted to forgive the Southern states and restore order by granting equal rights to the former slaves. Johnson wanted to fine the Southern states for

  4. history

    . How did the Republican Congress feel about Andrew Johnson’s political decisions in the wake of President Lincoln’s assassination? (1 point) Johnson was too lenient on the Confederate leaders. Johnson’s political decisions

  1. Algebra

    John is thinking about buying a house for $179,000. The table below shows the projected value of two different houses for three years. Number of years 1 2 3 House 1 (value in dollars) 186,160 193,606.40 201,350.66 House 2 (value

  2. Economics

    I got a lot of problems with this exercise. I really hope you can help me. Thanks! Samantha Roberts has a job as a pharmacist earning $30.000 per year, and she is deciding whether to take another job as the manager of another

  3. math

    erik worked 39 hours last week and earned $9.85 per hour. after taxes are deducted, he will receive 4/5 of his earnings for last week. which estimate is closest to amout of money erik should receive. A( $200 B( $320 C( $290 D(

  4. Engineering Economy

    Maintenance cost of an equipment is P20,000 for 2 years, P40,000 at the end of 4 years, and P80,000 at the end of 8 years. Compute the semi-annual amount that will be set aside for this equipment. Money worth 10% compounded

You can view more similar questions or ask a new question.