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If you withdraw part of your money from a certificate of deposit before the date of maturity, you must pay an interest penalty. Suppose you
If you withdraw part of your money from a certificate of deposit before the date of maturity, you must pay an interest penalty. Suppose you invested $ in a oneyear certificate of deposit paying interest. After months, you decide to withdraw $ Your interest penalty is months simple interest on the $ What interest penalty in dollars do you pay? Round your answer to two decimal places. $
If you withdraw part of your money from a certificate of deposit before the date of maturity, you must pay an interest penalty. Suppose you invested $ in a oneyear certificate of deposit paying interest. After months, you decide to withdraw $ Your interest penalty is months simple interest on the $ What interest penalty in dollars do you pay? Round your answer to two decimal places.
$
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