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Wima has a $42,500 certificate of deposit (CD) at the local bank. The interest on this certificate, $2,550, was credited to her account this year,
Wima has a $42,500 certificate of deposit (CD) at the local bank. The interest on this certificate, $2,550, was credited to her account this year, but she must pay an early withdrawal penalty if she cashes in the CD before next yeat. Which of the following is a true statement? Mutiple Choice Wima must incuee the $2.550 of interest in her income this year. Wha must include the $2.550 of inserest in herincome when sho cashes the CD : Wims must include the $2,550 of interest in her incone this year only if the bank walves the early wendrawal penaliy. Wilma must houde the $2.550 of interest in her income neat vear if she does not pay the eshly withdramal penaly As of the choces are correct
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