Mathematics, 04.01.2020 14:31 saidee1143
Suppose you buy a cd for $300 that earns 3% apr and is compounded quarterly. the cd matures in 5 years. assume that if funds are withdrawn before the cd matures, the early withdrawal fee is 3 months' interest. what is the early withdrawal fee on this account?
a. $2.25
b. $6.00
c. $3.75
d. $1.25
Answers: 2
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Suppose you buy a cd for $300 that earns 3% apr and is compounded quarterly. the cd matures in 5 yea...
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