Suppose you buy a CD for $250 that earns 3% APR and is compounded quarterly. The CD matures in 5 years, assume that is funds are withdrawn before the CD matures. The early withdrawal fee is 3 months interest. what is the early withdrawal fee on the account?
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Home » Mathematics » Suppose you buy a CD for $250 that earns 3% APR and is compounded quarterly. The CD matures in 5 years, assume that is funds are withdrawn before the CD matures. The early withdrawal fee is 3 months interest.