Mathematics

Rose

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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

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