改错：You will think about what kind of saving instru

You will think about what kind of saving instru- __1__ment to use or what kind of investment to make. By putting your money in some kind of savings instrument

or investment, you can set aside small amount of money __2__ regularly and the money will earn interest or dividends. Interest refers to the amount what your money __3__earns when it is kept in a savings instrument. Dividends are payments of part of a company’s earnings to people hold stock in the company. A savings instru- __4__ment has an “interest rate ” associated with it; this refers to the rate which the money in the instrument in- __5__creases during a certain period of time. Principal refers to the facial value or the amount of money you __6__place in the savings instrument on which the interest is earned.

Every type of savings or investment has some risk that the return will be less than needed or expected.Federally insured savings accounts are safe and guaranteed up to $100,000 by the U.S. Government.Therefore, they may have lower interest rates, making __7__it hard to save large amounts of money for college. __8__Bonds and stocks often have higher returns than savings accounts or EE saving bonds but are more riskier. __9__You can reduce the risks of these kinds of investments by starting to save early. The earlier we begin the less __10__money you will have to put aside each month and the more total savings you will accumulate.