Question

a person who wants to save $20,000 for a down payment on a boat in six to seven years is working to achieve a/an
○ value.
○ long-term goal.
○ intermediate-term goal.
○ short-term goal.

Explanation:

Financial goals are categorized by timeline: short-term (1-2 years), intermediate-term (3-10 years), long-term (10+ years). Saving for a boat down payment in 6-7 years falls in the 3-10 year range.

Answer:

○ intermediate-term goal.