Ask Question
13 March, 22:30

Gabrielle wants to buy a CD for $300 that earns 3% APR and is compounded quarterly. The CD matures in 5 years and the early redemption fee is 3 months' interest. If Gabrielle wants to take her money out 3 months before the CD matures, how much money would she get back, after the early redemption fee?

+3
Answers (1)
  1. 13 March, 23:02
    0
    I think it's $495.85
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Gabrielle wants to buy a CD for $300 that earns 3% APR and is compounded quarterly. The CD matures in 5 years and the early redemption fee ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers