The goal of investing $50 per month for the next 12 years for your nephew's college fund is a(n) __________ goal.

Question

Quizplus · Accepted Answer

Investing for a college fund that will be accessed in 12 years is a long-term goal. Short-term goals usually are achieved within one year, while intermediate goals fall between one and five years. Intangible and durable are not appropriate terms to describe financial goals.

The Goal of Investing $50 Per Month for the Next