Prompt You have $2,000 and want to invest in two savings goals: a short-term goal (less than one year) of saving for
textbooks during your first year of community college, and a longer-term goal (over 1 year) of saving for a
car when you graduate from college. Use the information in the chart below to explain how much you would
choose to save for each goal, where you would save it, and why. When explaining your choices, be sure to
consider the liquidity of each investment, the potential for interest earned, and any potential fees or
penalties.
Savings Account
0.09% APY
No minimum deposit
MMA
24-Month CD
US Savings Bonds (Series EE)
1.05% APY
2.9% APY
0.1%
$500 minimum deposit $250 minimum deposit $25 minimum purchase
$15 fees for
$15 fees for
Penalty for early Cannot redeem during
any withdrawals in any withdrawals in withdrawal is 3 months first 12 months;
excess of 6 per month excess of 6 per month of interest or $25,
before five years,
whichever is greater loss of 3 months of interest

What is the percentage change in price for a zero coupon bond if the yield changes from 6.56.5% to 5.55.5%? the bond has a face value of $1 comma 0001,000 and it matures in 1010 years. use the price determined from the first yield, 6.56.5%, as the base in the percentage calculation?

Kiona co. set up a petty cash fund for payments of small amounts. the following transactions involving the petty cash fund occurred in may (the last month of the company's fiscal year). may 1 prepared a company check for $350 to establish the petty cash fund. 15 prepared a company check to replenish the fund for the following expenditures made since may 1. a. paid $109.20 for janitorial services. b. paid $89.15 for miscellaneous expenses. c. paid postage expenses of $60.90. d. paid $80.01 to the county gazette (the local newspaper) for an advertisement. e. counted $26.84 remaining in the petty cashbox. 16 prepared a company check for $200 to increase the fund to $550. 31 the petty cashier reports that $380.27 cash remains in the fund. a company check is drawn to replenish the fund for the following expenditures made since may 15. f. paid postage expenses of $59.10. g. reimbursed the office manager for business mileage, $47.05. h. paid $48.58 to deliver merchandise to a customer, terms fob destination. 31 the company decides that the may 16 increase in the fund was too large. it reduces the fund by $50, leaving a total of $500.

Which of the following is not a characteristic of a weak economy? a. a low employment rateb. a high inflation ratec. a decreased gdpd. a high unemployment rate