Question
A certificate of deposit often charges a penalty for withdrawing funds before the maturity date. If the penalty involves three months of interest, what would
| A certificate of deposit often charges a penalty for withdrawing funds before the maturity date. If the penalty involves three months of interest, what would be the amount for early withdrawal on a $31,000, 4 percent CD? (Do not round intermediate calculations. Round your answer to 2 decimal places.) |
| Early withdrawal penalty | $ |
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Secured Finance Transactions
Authors: Dominic RM Griffiths
2nd Edition
1787425142, 978-1787425149
