select the correct answer. which factor is important to consider when building a savings fund for planned…

select the correct answer. which factor is important to consider when building a savings fund for planned, long - term needs? a. the interest rate on a long - term loan b. using investments to grow your savings c. having immediate access to cash d. the cost of credit e. securing a line of credit from a bank

select the correct answer. which factor is important to consider when building a savings fund for planned, long - term needs? a. the interest rate on a long - term loan b. using investments to grow your savings c. having immediate access to cash d. the cost of credit e. securing a line of credit from a bank

Answer

Brief Explanations:

When building a long - term savings fund, using investments to grow savings is crucial. Long - term loans' interest rate (A) is about borrowing, not saving. Immediate cash access (C) is more for short - term needs. Cost of credit (D) and line of credit (E) are related to borrowing, not saving for long - term needs.

Answer:

B. using investments to grow your savings