Neil Invested $10,000 in a Certificate of Deposit Earning 9

question 23

Multiple Choice

Neil invested $10,000 in a certificate of deposit earning 9% per year.Unfortunately,he needed to withdraw it before the maturity date.If the penalty was two months of interest,what was his total penalty?

• A) $0
• B) $9
• C) $75
• D) $150
• E) $900

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Definitions:

Antidepressants

Medications designed to treat depressive disorders by correcting chemical imbalances of neurotransmitters in the brain.

Cognitive Therapy

A form of psychotherapy that emphasizes the restructuring of negative and distorted patterns of thought to alter emotions and behavior.

Drug Therapy

The treatment of diseases or disorders by administering pharmaceutical drugs.

Behavior Therapy

A type of psychotherapy that focuses on changing undesirable behaviors through conditioning techniques.