Question

An investor wants to save money over a long period of time. This investor does not need to have easy access to the money and is worried about losing any money. Knowing the interest rate and that it will not change is important. Which investment best meets this investor's needs?

Answer 1

An annuity

Step-by-step explanation:

An annuity enables you to store your money with a decent interest rate while adding on money periodically if you want. Eventually after a set amount of years (usually 20-40 years), it will produce a lot of money in the end.