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- Assume that if funds are withdrawn before the CD matures, the early withdrawal fee is 3 months' interest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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Answer:
Step-by-step explanation:
It would be 53 degrees i’m pretty sure it’s 53 degrees
An absolute value means something distance from 0, so |8| = 8 because the distance of 8 from 0 is 8. However the |-8| still equals 8 because the distance from -8 to 0 is 8
So with that in mind, we know that |-4| is 4 because the distance -4 is from 0 is 4
So we have 4*4 = 16
What picture are you talking about
