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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,
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 $29,000, 6 percent CD? (Do not round intermediate calculations. Round your answer to the nearest whole number.)
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