Young people most likely prefer a savings schedule with
A)a zero ending balance.
B)increasing annual deposits.
C)decreasing annual deposits.
D)negative balances in the early years.

Question

Quizplus · Accepted Answer

Young people most likely have a longer-term view when it comes to their savings goals. Increasing annual deposits are better aligned with their longer-term financial goals, potentially related to purchasing a home or starting a business. Additionally, younger people typically have lower earning capacity at the start of their careers and need to build up their savings gradually over time.

Young People Most Likely Prefer a Savings Schedule with