Mathematics, 07.09.2020 22:01 aylinkayla
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 $6000 in a one-year certificate of deposit paying 8.3% interest. After 6 months, you decide to withdraw $6000. Your interest penalty is 3 months simple interest on the $6000. What interest penalty do you pay? (Round your answer to two decimal places.)
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If you withdraw part of your money from a certificate of deposit before the date of maturity, you mu...
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