the most powerful way to grow your money is by keeping it in an account that offers compound growth. among…

the most powerful way to grow your money is by keeping it in an account that offers compound growth. among the accounts listed, which accounts have compound growth? choose all answers that apply: a individual retirement account (ira) b 401(k) c certificate of deposit (cd) d checking account e debit card

the most powerful way to grow your money is by keeping it in an account that offers compound growth. among the accounts listed, which accounts have compound growth? choose all answers that apply: a individual retirement account (ira) b 401(k) c certificate of deposit (cd) d checking account e debit card

Answer

Brief Explanations:

Individual Retirement Accounts (IRAs) and 401(k)s can earn compound - interest on contributions and earnings over time. Certificates of Deposit (CDs) also offer compound growth. Checking accounts typically earn little to no interest and debit cards are payment tools, not accounts for compound growth.

Answer:

A. Individual Retirement Account (IRA) B. 401(k) C. Certificate of Deposit (CD)