Suppose you buy a CD for 300 that earns 3 APR and is

Last updated: 1/19/2024

Suppose you buy a CD for 300 that earns 3 APR and is compounded quarterly The CD matures in 5 years Assume that if funds are withdrawn before the CD matures the early redemption fee is 3 months interest What is the early redemption fee on this account A 3 75 OB 2 25 OC 6 00 D 1 50