You have $10000 to deposit. You save it earning interest by

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You have $10000 to deposit. You save it earning interest by

You have $10,000 to deposit. You save it, earning interest by loaning is use in the money market to your bank. You anticipate you will need to replace your washing machine within the year, however, so you don’t want to surrender all your liquidity all at once. What is the best way to save your money that will give you the greatest increase in wealth without too much risk and while still retaining some liquidity? Explain your reasons for your choice of a solution.

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You have $10000 to deposit. You save it earning interest by