Question

Caitlin's $5000 CD is nearing its maturity and will have a maturity value of $6101.89. The renewal rate for her CD will be lower than the current one, but still 0.5% higher than her savings account. Caitlin will not need her money for another 5 years, when she plans on buying a house. Which option should Caitlin choose for her CD?

A. Withdrawal
B. Termination
C. Automatic renewal
D. Reinvestment

Answer 1

@abbyselena2199 @nrg

Answer 2

whats the CD?

Answer 3

i cant help unless i know what a CD is

Answer 4

Certificate Of Deposit

Answer 5

ok

Answer 6

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Answer 7

I Think Its D but not 100% sure

Answer 8

@xTupax

Answer 9

Its d