Mathematics, 04.12.2021 01:10 Ewesley15

Dale had $80,000 on deposit in a six – month CD paying 2.72% simple interest. At the end of three months, Dale cashed out the CD. The penalty for early withdrawal of money
from this CD is one - month's interest. What was the amount of the penalty Dale had to
pay?

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Dale had $80,000 on deposit in a six – month CD paying 2.72% simple interest. At the end of three...