Juanita, who lives with her brother, has saved $12,000 for a down payment on her own house. Her financial planner suggests she look for a savings account that offers compound interest accounts. Why should Juanita take this advice? (4 points)



She will earn interest on the initial deposit, as well as interest earned.
She will have quick access compared to other savings account.
She is saving for a short-term goal that will be reached soon.
She has so little to invest that it will be safer over the long term.

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The reason why should Juanita take this advice is that She will earn interest on the initial deposit, as well as interest earned.

Answer:

ANSWER A) SHE WILL EARN INTEREST ON THE INITIAL DEPOSIT, AS WELL AS INTEREST EARNED.