Elyse just graduated from college and started her new career. She developed an intermediate-term investment strategy that would help her make a $4,800 down payment on a car she wants to buy in three years.Which strategy would she most likely have developed?
Answer
A
Purchase a $1,000 asset that she can sell for $5,000 after three years.
B
Use a credit card to pay the down payment five months into her career.
C
Set aside $50 per month to pay for the full down payment in three years.
D
Put money into her 401(k) to make up for the down payment in sixty years.