Business, 04.09.2019 01:10 rakanmadi87

Which of the following is an example of the life-cycle motive for saving? a. pat puts $400 per month in his 401(k) retirement account. b. jordan sets aside $200 per month in case she has to pay for a new roof for her house. c. gerry and terry put $2,000,000 in a trust fund that will go to their children when they die. d. chris keeps $15,000 in a money market account to pay expenses in case he loses his job.

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Which of the following is an example of the life-cycle motive for saving? a. pat puts $400 per month...

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