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Mathematics 38 Online
DALTAIE4707:

HELP ME PLZ Use the table below showing the different types of savings accounts a bank offers to answer the question that follows. Standard Savings Money Market Savings High Yield Savings CD Opening Deposit Requirement $25 $100 $25,000 $2,500 Interest Rate Variable Variable Variable Fixed Option to Write Checks yes yes Account Alerts yes yes yes yes Features Up to 6 withdrawals per month Up to 3 withdrawals per month Up to 3 withdrawals per month Penalty if money withdrawn before maturity Monthly Fee $3 per month unless you maintain a $300 balance $10 per month unless you maintain a $3,500 balance $25 per month unless you maintain a $25,000 balance none Christina has $150 to open a savings account. She anticipates withdrawing money from her savings account regularly. Which account is the best choice for Christina? (4 points) a Standard Savings b Money Market Savings c High Yield Savings d CD

Professional:

Christina is broke

DALTAIE4707:

WAIT so what is it a b c d

DALTAIE4707:

??

DALTAIE4707:

u there ???

DALTAIE4707:

nvm

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