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Which financial target would usually indicate a medium-term goal for a 35-year-old?
Correct Answer: B
According to the life-cycle hypothesis, medium-term goals for clients in their family commitment years (ages 25-50) include education savings for children. Emergency fund = short-term goal Down payment on a house = short-term to medium-term, but typically earlier in life-cycle stage Retirement = long-term goal Thus, the correct medium-term financial target is saving for a child's university education.