The early withdrawal fee on this account is $6.25
Step-by-step explanation:
Suppose you buy a CD for $1000
- It earns 2.5% APR and is compounded quarterly
- The CD matures in 5 years
- Assume that if funds are withdrawn before the CD matures, the early withdrawal fee is 3 months' interest
We need to find the early withdrawal fee on this account
∵ The annual interest is 2.5%
- Change it to decimal
∵ 2.5% = 2.5 ÷ 100 = 0.025
∴ The annual interest rate is 0.025
∵ The interest is compounded quarterly
∴ The interest rate per quarter = 0.025 ÷ 4 = 0.00625
∵ The early withdrawal fee is 3 months' interest
∵ You buy the CD for $1000
∵ A quarter year = 3 months
∴ The early withdrawal fee = 1000 × 0.00625 = $6.25
The early withdrawal fee on this account is $6.25
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You can learn more about the interest in brainly.com/question/11149751
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If he has 6 friends they will all get 8 cards
I believe if I’m not wrong the answer should be B 1/6
Answer:
1961
Step-by-step explanation:
The greatest value of OFF can be achieved by making the hundreds places the greatest, followed by the tens, and then the ones.
S=9
A=8
U=7
T=6
N=5
986+975=1961
(-4,5) is the correct answer because it needs to be (-y,x) meaning the original x value stays the same because we’re going backwards and the y value changes signs