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Mathematics, 25.09.2019 01:00 beverlyamya

Adam invested $12,000 in a six-year cd that paid 7.1% interest, but later needed to withdraw $2,500 early. if the cd’s penalty for early withdrawal was eighteen months’ worth of interest on the amount withdrawn, how much of a penalty did adam pay?
a.
$138.89
b.
$177.50
c.
$266.25
d.
$319.50

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Adam invested $12,000 in a six-year cd that paid 7.1% interest, but later needed to withdraw $2,500...

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