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OpenStudy (anonymous):
Suppose you buy a CD for $900 that earns 8% APR and is compounded quarterly. The CD matures in 3 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 Assume that if funds are withdrawn before the CD matures, the early withdrawal fee is 3 months' interest.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. $9.00 B. $7.50 C. $18.00 D. $13.75
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OpenStudy (anonymous):
A. $9.00
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