A certificate of deposit often charges 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 CD paying 5 percent and valued at $24,000? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
+4
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A certificate of deposit often charges a penalty for withdrawing funds before the maturity date. If the penalty involves two months of ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Home » Mathematics » A certificate of deposit often charges 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 CD paying 5 percent and valued at $24,000?