Mathematics, 19.07.2019 01:00 CHRONICxDJ
Blanche bought a 5-year cd for $7100 with an apr of 2.8%, compounded quarterly, but she wants to take all her money out 9 months early. the early redemption fee for the cd is 3 months' interest on the original principal. blanche determine how much money she will end up earning in interest on the cd. (5 points: part i – 1 point; part ii – 1 point; part iii – 1 point; part iv – 1 point; part v – 1 point)
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Blanche bought a 5-year cd for $7100 with an apr of 2.8%, compounded quarterly, but she wants to tak...
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