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Problem 5-3 Computing CD Interest [LO5-4] A centificate of deposit will often resuit in a penaly for withdrawing funds before the maturity date. If the

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Problem 5-3 Computing CD Interest [LO5-4] A centificate of deposit will often resuit in a penaly 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 $20,000,4 percent CD? Note: Do not round intermediate calculations. Round your final answer to 2 decimal places

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