Mathematics, 03.10.2021 03:30 Jinesha

C. Caroline decides on a college after opening the 3 1/2 -year CD, and the college needs the first tuition payment a month before the CD matures.
Caroline must withdraw money from the CD early, after 3 years and 5
months. She faces two penalties. First, the interest rate for the last 5 months
of the CD was lowered to 0.5%. Additionally, there was a $250 penalty.
Find the interest on the last 5 months of the CD. Round to the nearest cent.

C. Caroline decides on a college after opening the 3 1/2 -year CD, and the

college needs the firs

Answers: 3

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C. Caroline decides on a college after opening the 3 1/2 -year CD, and the college needs the first...