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Mathematics, 21.12.2021 23:10 deanlmartin

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...

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