Katrina wants to buy a CD for $1000 that earns 2.5% APR and is compounded
quarterly. The CD ma...
Mathematics, 17.04.2020 00:34 jessicaaflores13
Katrina wants to buy a CD for $1000 that earns 2.5% APR and is compounded
quarterly. The CD matures in 5 years and the early redemption fee is 3
months' interest. If Katrina wants to take her money out 3 months before the
CD matures, how much money would she get back, after the early redemption
fee?
O A. $1119.42
O B. $1226.71
O c. $1025.39
O D. $1031.64
Answers: 1
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