Mathematics, 20.11.2020 01:00 lilpetals

Suppose you buy a CD for $1000 that earns 2.5% 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 Assume that if funds are withdrawn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?

Answers: 3

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Suppose you buy a CD for $1000 that earns 2.5% APR and is compounded quarterly. The CD matures in 5...