in which situation would a savings account be the best investment to earn interest?○ when you need to make…

in which situation would a savings account be the best investment to earn interest?○ when you need to make frequent payments for bills○ when you have to pay monthly installments for a loan○ when you need immediate access to cash○ when you want to buy a new car in 3 years

in which situation would a savings account be the best investment to earn interest?○ when you need to make frequent payments for bills○ when you have to pay monthly installments for a loan○ when you need immediate access to cash○ when you want to buy a new car in 3 years

Answer

Brief Explanations:

Savings accounts earn modest interest while keeping funds accessible, but are best for short-to-medium term goals where you don't need frequent/immediate access for payments. Frequent bill payments, loan installments, and immediate cash needs are better suited for checking accounts, as savings accounts may have limits on withdrawals and are optimized for growing funds over a set period like 3 years for a car purchase.

Answer:

when you want to buy a new car in 3 years