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Mathematics, 29.06.2019 08:30 TVASALLO31

Orlando invests 16,000 in an eight-year cd bearing 6.5% simple annual interest, but needed to withdraw $3,500 after five years. if the cd's penalty for early withdrawal was one years worth of interest on the amount withdrawn, when the cd reached maturity, how much less money did orlando earn total than if he had not made his early withdrawl

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