To solve this problem use the table for Certificate of Deposit found on page 3 of your assigned reading for Chapter 25. Stan deposited $8,500 for 5 years in a certificate of deposit at 7.5% interest. After 6 months he withdrew the entire amount. How much was his penalty for early withdrawal? HINT: 1) Use table to determine annual yield, 2) Penalty = Principal *Rate * Time {3 months of time is .25}