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- Assume that if funds are withdrawn before the CD matures, the early withdrawal fee is 3 months' interest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 $6.25
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Answer:
The answer is
8 x 24 x 4 x 56 x 37 x 85 = 135260160
Answer:she need to do at least 3 hours of babysitting.
Step-by-step explanation:
you subtract how much she already has, 3$ from 25.50 and then you divide how much she makes in one hour of babysitting by how much money she needs so 22.50/7.50=3
Answer:
Step-by-step explanation:
The figure given above is a square pyramid, having a square base and 4 triangular faces on the sides that are of the same dimensions.
Surface area of the square pyramid is given as: 
Where,
B.A = Base Area of the pyramid = 9*9 = 81 in²
P = perimeter of the base = 4(9) = 36 in
L = slant height of pyramid = 9.2 in
Plug in the values into the given formula to find the surface area
