Your great aunt Mary passed away and left you an inheritance of $5,000. Since you don't have a need for the money in the near future, which of the following would be the best place to put the $5,000?
A) A savings account earning 1% interest
B) A checking account
C) A five-year CD paying 4.38% annually
D) High-risk stock in a producer of natural gas that is predicted to triple in the next year

Question

Quizplus · Accepted Answer

A five-year CD paying 4.38% annually offers a higher, more stable return compared to the other options. Savings and checking accounts typically offer lower interest rates, and investing in high-risk stock is speculative and risky.

Your Great Aunt Mary Passed Away and Left You an Inheritance