1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alenkasestr [34]
3 years ago
15

Suppose you buy a CD for $300 that earns 3% 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withdrawn before the CD matures, the early withdrawal fee is 3 months' interest. What is the early withdrawal fee on this account?
A. $2.25
B. $6.00
C. $3.75
D. $1.25
Mathematics
1 answer:
klio [65]3 years ago
4 0
Value of the CD after 3 months is given by 300(1 + 0.03 / 4) = 300(1 + 0.0075) = 300 x 1.0075 = $302.25.
Therefore, interest for 3 months = $302.25 - $300 = $2.25
You might be interested in
SHOW ALL WORK <br><br>PLEASE HELP ME!!!!!
LekaFEV [45]
Hello,
Please, see the attached files.
Thanks.

7 0
3 years ago
Which of the following Could be used to determine the volume of a sheet of metal 50×34 that had identical squares cut out of the
valentinak56 [21]

Answer:

idk

Step-by-step explanation:

8 0
3 years ago
Please help me with this problem​
Nookie1986 [14]
In order for two lines to be perpendicular, their slopes must multiply together to equal to negative one
So we do negative one divided by 2/5 to get the slope of the red line
Which is -5/2
To check, we do 2/5 multiplied by -5/2 which equals to -1 so our answer is correct
8 0
3 years ago
Read 2 more answers
$0.30 per ounce, how much would 2 lb cost?
natali 33 [55]
Well 16 ounces equals a pound. So 16+16=32 ounces.
So 32 ounces times $0.30 equals 9.6.
So 2 lbs should cost $9.6.
Hope this helps.
7 0
3 years ago
Monique made 7 more videos than ana. how many videos did monique make is ana made 12 videos?
dem82 [27]

Answer:

Monique made 19 videos

Step-by-step explanation:

If Ana made 12 videos, but Monique made 7 videos more, you would use addition to find the answer.

12 + 7 = 19

Therefore, Monique made 19 videos and Ana made 12 videos.

I hope this helps :)

8 0
3 years ago
Other questions:
  • What is 55+50. what will be the answer
    9·2 answers
  • 4) What is the present value of $4000 received at the
    12·2 answers
  • Marta has 1 cubic yard of sand to build a wall in the shape of a rectangular prism that is 20 inches tall and 5 inches wide. To
    10·2 answers
  • A.) If log(2x + 3) -log(x - 1) = 3, then the equation in exponential form is 10^3= (2x + 3)(x - 1).
    12·1 answer
  • Can someone please help me with this math question?
    14·1 answer
  • 5(x+y)-3(x-y) A. 2x B. 2x+2y C. 2x+8y D. 8x+8y​
    8·1 answer
  • HELP ME PLEASE I NEEEED IT<br><br> SOLVE FOR D
    6·2 answers
  • !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
    8·1 answer
  • How would i answer this?​
    7·1 answer
  • Helpp the topic is about limits
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!