For amounts between $10,000 and $24,999, a credit union pays a rate of 2.5% on term deposits

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For amounts between $10,000 and $24,999, a credit union pays a rate of 2.5% on term deposits with maturities in the 91- to 120-day range. However, early redemption will result in a rate of 1.75% being applied. How much more interest will a 91-day $20,000 term deposit earn if it is held until maturity than if it is redeemed after 80 day
Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...
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