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OpenStudy (anonymous):
2. Computing CD 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 $20,000, 6 percent CD?
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OpenStudy (anonymous):
6 percent of 20,000 is 1200 and that is 2 mounths of interest that would make the amount 2400
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