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  3. suppose you buy a cd for 300 that earns 3 apr and

Suppose you buy a CD for 300 that earns 3 APR and is compounded quarterly...

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Geometry

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Suppose you buy a CD for 300 that earns 3 APR and is compounded quarterly The CD matures in 5 years Assume that if funds are withdrawn before the CD matures the early redemption fee is 3 months interest What is the early redemption fee on this account A 3 75 OB 2 25 OC 6 00 D 1 50

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