Hillary and Justin Palmer have a long-term goal of saving $6,000 for a down payment on a new vehicle they would like to buy in three years.Which of the following is a short-term goal that is most consistent with this long-term goal?
A)Buy a new car every two years
B)Save $2,000 this year
C)Save $1,000 this year
D)Accumulate $1,500 for a trip to Florida this year

Question

Quizplus · Accepted Answer

Option B, "Save $2,000 this year," is the most consistent short-term goal with the couple's long-term goal of saving $6,000 for a down payment on a new vehicle in three years. This would mean that they would need to save $2,000 per year for the next three years to reach their long-term goal. Option C, "Save $1,000 this year," would not be enough to meet their long-term goal, and options A and D are completely unrelated to their goal of saving for a new vehicle.

Hillary and Justin Palmer Have a Long-Term Goal of Saving