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icang [17]
3 years ago
14

Personal finance chapter 5. A Cerificate of desposit will often result in a penalty for withdrawing funds beofre the maturityy d

ate. If the penalty involves a two month of intertest, what would be the amount for early withdrawal on a $20,000, 4 percent CD
Business
1 answer:
Varvara68 [4.7K]3 years ago
8 0

Answer:

The penalty will be $133.333 for the early withdrawal.

Explanation:

On a $20,000 earning 4% annually, the amount of interest earned per year is:  

$ 20 , 000  x 4%  =  $ 800

On a monthly basis, the CD earns:

$ 800  / 12  =  $ 66.667

If the penalty involves a two (2) months worth of interest, then, the penalty for the early withdrawal will be:

2  x  $ 66.667  =  $ 133.333

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Critically review the organizational structure recommendations reported within the In-Plant Printer article titled, "Organizing
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Answer:

Explanation: see attachment below

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first look at the starting value then approximately affect the ending value

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West Corp. issued 17-year bonds 2 years ago at a coupon rate of 10.3 percent. The bonds make semiannual payments. If these bonds
Andreyy89

Answer:

10%

Explanation:

The actual return that an investor earn on a bond until its maturity is called the Yield to maturity. It is a long term return which is expressed in annual rate.

According to given data

It is assumed that face value of the bond is $1,000

Coupon Payment = C = $1,000 x 10.3% = $103 annually = $51.5 semiannually

Price of the Bond = P = $1,000 x 102% = $1,020

Numbers of period = n = (17-2) years x 2 = 30 periods

Use Following Formula to calculate YTM

Yield to maturity = [ C + ( F - P ) / n ] / [ (F + P ) / 2 ]

Yield to maturity = [ $51.5 + ( $1,000 - $1,020 ) / 30 ] / [ ($1,000 + $1,020 ) / 2 ]

Yield to maturity = $50.83 / $1,010 = 0.0503 = 5.03% = 5% per Semiannual

Yield to maturity  = 5% x 2 = 10% annually

Yield to maturity = 3.56% semiannually OR 7.12% annually

3 0
3 years ago
Read 2 more answers
Through marketing newsprint to newspaper publishers and glass manufacturers that use it in packing, International Paper segments
stira [4]

Answer:

d. use of product

Explanation:

A market segment can be described as a group of people that are put together as a unique segment for marketing purposes because of the similarity in their attributes.

Market are usually segmented based on personality, needs, values, use of product, and lifestyles of the consumers being targeted.

Therefore, International Paper segments its market based on use of product,

5 0
3 years ago
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A distribution center (DC) in Wisconsin stocks Sony plasma TV sets. The center receives its inventory from a mega warehouse in K
julsineya [31]

Answer: The order can be placed when the quantity is 1,350 units

Explanation:

Lead time = 5days

Reorder point = 300 set

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To determine when to order using a Q system, we use the formula

Reorder level = maximum usage × maximum Lead time + Fixed order quantity

= ( 300 × 5) + 250

= 1,500 + 250

= 1,750

To determine when to order we subtract Reorder level from the current on hand inventory

= 1,750 - 400

= 1,350units

5 0
3 years ago
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