A certificate of deposit often charges a penalty for withdrawing funds before the maturity date. If the

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A certificate of deposit often charges a penalty for withdrawing funds before the maturity date. If the penalty involves two months of interest, what would be the amount for early withdrawal on a $20,000, 5 percent CD?

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Focus On Personal Finance

ISBN: 9781265521974

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Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Melissa Hart

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Question Posted: Jun 02, 2022 08:38 AM

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A certificate of deposit often charges a penalty for withdrawing funds before the maturity date. If the

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