cess cash. You anticipate that you will need to have 1 year (12 months) worth of expenses covered. You want to make sure that you can have access to your cash, but also gain interest as well, throughout the 12 months. Your expenses are $3000 per month. You have $30,000 in cash. You want to put it in various accounts or funds for: 1 month, 3 months, 6 months, and 12 month. The remaining amounts you want going to something that will earn you the highest interest. How would you allocate them in various accounts (checking, NOW, savings, MMDA, CDs, T- Bills, Mutual funds, brokerage accounts, asset management accounts), in order to manage your liquidity (have access to your money and still gain interest)?
cess cash. You anticipate that you will need to have 1 year (12 months) worth of expenses covered. You want to make sure that you can have access to your cash, but also gain interest as well, throughout the 12 months. Your expenses are $3000 per month. You have $30,000 in cash. You want to put it in various accounts or funds for: 1 month, 3 months, 6 months, and 12 month. The remaining amounts you want going to something that will earn you the highest interest. How would you allocate them in various accounts (checking, NOW, savings, MMDA, CDs, T- Bills, Mutual funds, brokerage accounts, asset management accounts), in order to manage your liquidity (have access to your money and still gain interest)?
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter2: Exponential, Logarithmic, And Trigonometric Functions
Section2.1: Exponential Functions
Problem 53E: Interest Ron Hampton needs to choose between two investments: One pays 6% compounded annually, and...
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MANAGING YOUR MONEY. You have excess cash. You anticipate that
you will need to have 1 year (12 months) worth of expenses covered. You
want to make sure that you can have access to your cash, but also gain interest
as well, throughout the 12 months. Your expenses are $3000 per month. You
have $30,000 in cash. You want to put it in various accounts or funds for: 1
month, 3 months, 6 months, and 12 month. The remaining amounts you want
you will need to have 1 year (12 months) worth of expenses covered. You
want to make sure that you can have access to your cash, but also gain interest
as well, throughout the 12 months. Your expenses are $3000 per month. You
have $30,000 in cash. You want to put it in various accounts or funds for: 1
month, 3 months, 6 months, and 12 month. The remaining amounts you want
going to something that will earn you the highest interest. How would you
allocate them in various accounts (checking, NOW, savings, MMDA, CDs, T-
Bills, Mutual funds, brokerage accounts, asset management accounts), in order
to manage your liquidity (have access to your money and still gain interest)?
allocate them in various accounts (checking, NOW, savings, MMDA, CDs, T-
Bills, Mutual funds, brokerage accounts, asset management accounts), in order
to manage your liquidity (have access to your money and still gain interest)?
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