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OpenStudy (anonymous):
suppose you buy a cd for 400$ that earns 2.5% apr and is compounded quarterly. The CD matures in 5 years. assume that if funds are withdrawn before teh cd matures, the early withdrawl fee is 3 months' interest. What is the early withdrawal fee on this account?
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OpenStudy (anonymous):
A: 6.25$ B: 2.50$ C: 3.13% D: 1.25$
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