Question:

# Thomas wants to buy a CD for 500 that earns 3 APR and is

Last updated: 1/19/2024

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 OA 507 58 OB 511 33 OC 539 08 OD 542 43