[Solved] Charlamagne Has a Goal of Purchasing a Condo at the Beach

Question 109
Multiple Choice
Question 109

Charlamagne has a goal of purchasing a condo at the beach within the next 10 years. He currently has $5,000 to put toward the down payment on the condo and does not anticipate using the funds for any other purpose. He would like to make a one-time deposit that can increase in value over the next 10 years. If Charlamagne already has his emergency fund in place, the best option for the $5,000 to grow and help him meet his goal would be to acquire a

A) savings account.
B) checking account.
C) certificate of deposit.
D) money market account.

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