Haylie's $5000 CD is nearing its maturity and will have a maturity value of $6101.89. The renewal rate for her CD will be at a historic low and will lock up her money for another 5 years. Haylie feels she can earn higher rates by exploring different savings accounts. Which option should Haylie choose for her CD?. . A.Reinvestment. B.Withdrawal. C.Automatic renewal. D.Termination. @ganeshie8 @countonme123 @djaydeej88 @sara17 @Gerardo_cast23 @Mertsj

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23-06-2016
Business

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Haylie's $5000 CD is nearing its maturity and will have a maturity value of $6101.89. The renewal rate for her CD will be at a historic low and will lock up her money for another 5 years. Haylie feels she can earn higher rates by exploring different savings accounts. Which option should Haylie choose for her CD?. . A.Reinvestment. B.Withdrawal. C.Automatic renewal. D.Termination. @ganeshie8 @countonme123 @djaydeej88 @sara17 @Gerardo_cast23 @Mertsj

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MrsTriplet MrsTriplet · Answer 1 · 2018-08-14T14:41:59+02:00

Haylie should reinvest her money elsewhere. Due to having her money locked up for 5 years and at an all time low with her current investments, it would not be beneficial to renew with them. Haylie’s best bet is to explore other options before her renewal rate starts so that she has a plan in place on where to reinvest her money. Haylie should focus on finding a bank that will provide better term agreements at a higher interest rate.

andrewparedes12 andrewparedes12 · Answer 2 · 2018-10-24T17:26:20+02:00

andrewparedes12 andrewparedes12

24-10-2018

Answer is B withdrawal <---- APEX

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