What is the actual anticipated annual income?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Roger and Ada Greyson have a certificate of deposit. The current
balance is $4,000. The interest rate on the CD is 3.9%. There is a
premature penalty on the CD of 5% what is the cash value of the CD?
What is the actual anticipated annual income?
A.0
B.80
C.148.20
D.156
Transcribed Image Text:Roger and Ada Greyson have a certificate of deposit. The current balance is $4,000. The interest rate on the CD is 3.9%. There is a premature penalty on the CD of 5% what is the cash value of the CD? What is the actual anticipated annual income? A.0 B.80 C.148.20 D.156
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