Answer:
$293.33
Explanation:
The computation of the amount of early withdrawal is shown below:
= (Value of the certificate of deposit × rate of interest × given months) ÷ total number of months in a year
= ($22,000 × 8% × 2 months) ÷ 12 months
= $293.33
Basically, we considered all the given information that is mentioned in the question.
Therefore, the amount for early withdrawal on a CD is $293.33
