Mathematics, 02.12.2020 16:20 kyliegriffis
Blanche bought a 5-year cd for $7100 with an apr of 2.8%, compounded quarterly, but she wants to take all her money out 9 months early. The early redemption fee for the cd is 3 months' interest on the original principal. What is the periodic interest rate of the cd
Answers: 1
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Blanche bought a 5-year cd for $7100 with an apr of 2.8%, compounded quarterly, but she wants to tak...
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