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- Assume that if funds are withdrawn before the CD matures, the early withdrawal fee is 3 months' interest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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Step-by-step explanation: This is how i figured it out.... I STUDIED
Answer:
9/10 > 78/100
Step-by-step explanation:
9/10 * 10/10 = 90/100
90/100 > 78/100
Given the equation
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When x is maximum, we have
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The maximum temperature is 
When x is minimum, we have
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the answer is i belive 462/3600 because the total amount of times a ribbon has been pulled is 60 and the total amount of times a coin was flipped was 60 times as well so you would do 21/60 times 22/60 which 462/3600Step-by-step explanation: