select the correct answer. you decide to cash...
select the correct answer. you decide to cash out your cd early. what will happen? a. you will be able to invest in other stocks. b. you will be penalized with high fees. c. you will roll it over into a 401(k). d. you will reinvest the proceeds into a money market account. e. you will have tax - free income.
Answer
# Brief Explanations:
Certificates of Deposit (CDs) have fixed - term agreements. Cashing out early breaks the agreement, and financial institutions typically impose high early - withdrawal penalties to compensate for the disrupted investment plan.
# Answer:
B. You will be penalized with high fees.