Thomas wants to buy a CD for $500 that earns 3% APR and is compounded quarterly. The CD matures in 3 years and the early redemption fe

Question

Thomas wants to buy a CD for $500 that earns 3% APR and is compounded
quarterly. The CD matures in 3 years and the early redemption fee is 3
months’ interest. If Thomas were to take his money out 3 months before the
CD matures, how much money would he get back, after the early redemption
fee?

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Bella 1 week 2021-10-08T05:03:24+00:00 1 Answer 0

Answers ( )

    0
    2021-10-08T05:05:04+00:00

    Answer:$539.08

    Step-by-step explanation:

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45:7+7-4:2-5:5*4+35:2 =? ( )