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What is the early withdrawal penalty

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Question 1: Choose a bank in the United StatesWhat interest rates do these CDs pay? How often is interest compounded?

Question 2: Research one financial institution in your area (brick-and-mortar banks), or an Internet-only institution (virtual banks and e-banks), to find and list various certificates of deposit currently being offered. Assume that you want to invest $10,000 for 12 months.

Question 3: What is the early withdrawal penalty?

Question 4: Are these CDs insured? If so, by whom? What is the limit per account?

Reference no: EM132824096

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