Match the financial goal with the necessary action: Provide $10,000 for college in 10 years.

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Study the essentials of Personal Finance and Time Value of Money. Use flashcards, multiple choice questions, and detailed explanations to prepare effectively for your exam.

The choice of making regular savings deposits is aligned with the goal of accumulating $10,000 for college in 10 years. By setting aside a specific amount regularly, you create a disciplined savings habit that builds up over time. This approach takes advantage of the time value of money, allowing for consistent growth through compounding, depending on the interest rate of the account in which you are saving.

In this scenario, you specifically want to ensure that you have a targeted amount saved by a certain timeline. Regularly depositing funds into a savings account or a similar financial vehicle can facilitate this process. By calculating how much you need to save each month to reach your goal, you can effectively manage your finances and have a clear path toward achieving your educational funding goal by the designated time frame.

Other options may involve varying levels of risk or require larger initial investments, which may not suit the steady accumulation needed for a fixed goal like saving for college. Therefore, making regular savings deposits is the most structured and reliable approach to reach the desired financial milestone within the specified period.

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