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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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lina2011 [118]

Answer:

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Explanation:

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In marketing assessment the effects of external barriers like environmental forces, market trends, competition in the market, taxes involved in the running of the business and even the resources to make the business flourish is comprehensively covered in details.

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2 years ago
Suppose Pepsi-Cola which includes Mount dew and several other sodas purchase Coca-Cola and cokes families of sodas to form one l
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2 years ago
David bought stock for $4,000 and one year later he sold it for $1,000. The sale resulted in a:
AURORKA [14]

Answer:

Capital Loss

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A capital gain or loss is the purchase price minus selling price of an investment asset. Capital gain is when the result is positive, implying that the asset has appreciated in value.  A capital gain always attracts tax.  David experienced a capital loss of  $3000 as the selling price was lower than the buying price ($ 4000-$1000).

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3 years ago
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Advantages and disadvantages of concurrent model in software engineering
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3 years ago
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This problem can be solved by first assigning the variable x = number of hot water bottles sold. An equation can then be set-up as follows:
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