Business, 30.11.2021 03:00 crybaby222psyc

Tony invested $5,500 in a four-year CD that paid 4. 8% interest, but later needed to withdraw $475 early. If the CDâ€™s penalty for early withdrawal was three monthsâ€™ worth of interest on the amount withdrawn, how much of a penalty did Tony pay? a. $5. 70 b. $22. 80 c. $60. 30 d. $66. 0.

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Tony invested $5,500 in a four-year CD that paid 4. 8% interest, but later needed to withdraw $475 e...

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