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Mathematics, 22.11.2019 21:31 blkrosesss

Suppose you buy a cd for $1000 that earns 2.5% apr and is compounded
quarterly. the cd matures in 5 years. assume that if funds are withdrawn
before the cd matures, the early withdrawal fee is 3 months' interest. what is
the early withdrawal fee on this account?
a. $3.13
b. $1.25
c. $6.25
d. $3.75

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Suppose you buy a cd for $1000 that earns 2.5% apr and is compounded
quarterly. the cd matures...

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