Mathematics, 20.10.2021 08:50 suselygonza

Suppose you buy a CD for $2700 that earns 3% APR and is compounded quarterly. The CD matures in 3 years. If funds are withdrawn before the CD matures, the early redemption fee is 3 months interest. What is the early redemption fee on this account?

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Suppose you buy a CD for $2700 that earns 3% APR and is compounded quarterly. The CD matures in 3 ye...

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