Sure, I will guide you through the step-by-step process to fill in the table, identifying which of these options are interest-bearing accounts and which are investments.
When constructing the table, we need to categorize each financial option accordingly:
1. Savings account: Interest-bearing
2. Stocks: Investments
3. Certificate of deposit: Interest-bearing
4. Bonds: Investments
5. Money market account: Interest-bearing
6. Checking account: Interest-bearing
7. Mutual funds: Investments
8. Individual retirement account (IRA): Investments
Now, let's complete the table:
[tex]\[
\begin{array}{|l|l|l|}
\hline
\text{Option} & \text{Interest-bearing} & \text{Investments} \\
\hline
\text{Savings account} & \checkmark & \\
\hline
\text{Stocks} & & \checkmark \\
\hline
\text{Certificate of deposit} & \checkmark & \\
\hline
\text{Bonds} & & \checkmark \\
\hline
\text{Money market account} & \checkmark & \\
\hline
\text{Checking account} & \checkmark & \\
\hline
\text{Mutual funds} & & \checkmark \\
\hline
\begin{array}{l}
\text{Individual retirement account} \\
(\text{IRA})
\end{array} & & \checkmark \\
\hline
\end{array}
\][/tex]
Each row now clearly indicates whether the financial option falls under "Interest-bearing" or "Investments", completing the table as required.
