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1 What is the monthly payment for a $131000 thirty-year mortgage at 7% APR? 2 A certificate of deposit (CD) often charges a penalty for

1 What is the monthly payment for a $131000 thirty-year mortgage at 7% APR?

2 A certificate of deposit (CD) often charges a penalty for withdrawing funds before the maturity date. If the penalty involves two months of interest, what would be the charge for early withdrawal on a $5000 CD with a 2.0% interest rate APR, compounded monthly?

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