Advise the Sampsons on the maturity to select when investing their savings in a CD for a

Question:

Advise the Sampsons on the to select when investing their savings in a CD for a down payment on a car. What are the advantages or disadvantages of the relatively short- term maturities versus the longer- term maturities?
Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...