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10 December, 03:49

Suppose you buy a CD for $1,000 that earns 2.5% APR and is compounded quarterly the CD matures in 5 years assume that if the funds are withdrawn before the CD matures the early Redemption fee is 3 months' interest what is the early Redemption fee on this account

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  1. 10 December, 07:35
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    Step-by-step the cd is 1000
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