A certificate of deposit will often result in a penalty for withdrawing funds before the maturity date.

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A certificate of deposit will often result in 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, 6 percent CD? (Obj. 3)

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Focus On Personal Finance

ISBN: 9780073382425

3rd Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes

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Question Posted: Jul 24, 2024 03:05 AM

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A certificate of deposit will often result in a penalty for withdrawing funds before the maturity date.

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Focus On Personal Finance

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