The answer is in the attachment
Given:
principal: 5,500
term: 4 years
interest rate: 4.8% per annum
early wdl of 475
penalty is the 3 months interest of the amount withdrawn.
Interest = 475 * 4.8% * 3/12
Interest = 475 * 1.2%
interest = 5.7 is the amount of the penalty
Answer:
The first three
Step-by-step explanation:
