which of the following short - term goals is stated most clearly using the smart approach? multiple choice…

which of the following short - term goals is stated most clearly using the smart approach? multiple choice retire in 10 years at age 65 with $2,000,000 in my 401(k) account. invest $50 per month for the next 12 years for my nephews college fund. set up an emergency fund. purchase a house with a mortgage no greater than $200,000 within 5 years. within the next 6 months, buy a car for less than $18,000.

which of the following short - term goals is stated most clearly using the smart approach? multiple choice retire in 10 years at age 65 with $2,000,000 in my 401(k) account. invest $50 per month for the next 12 years for my nephews college fund. set up an emergency fund. purchase a house with a mortgage no greater than $200,000 within 5 years. within the next 6 months, buy a car for less than $18,000.

Answer

Brief Explanations:

The SMART approach requires goals to be Specific, Measurable, Achievable, Relevant, and Time - bound. The goal "Within the next 6 months, buy a car for less than $18,000" is specific (buy a car), measurable (less than $18,000 cost), has a time - bound element (next 6 months), and is likely achievable and relevant as a short - term goal. The first two options are long - term goals, the third is not specific or measurable, and the fourth is a long - term goal.

Answer:

Within the next 6 months, buy a car for less than $18,000.