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[Solved]: A certificate of deposit often charges a penalty f
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(Solved): A certificate of deposit often charges a penalty for withdrawing funds before the maturity date. If ...



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 $32,000, 8 percent CD? Note: Do not round intermediate calculations. Round your answer to 2 decimal places.



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