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ELEN [110]
3 years ago
15

Which is a disadvantage of withdrawing more money than is available in a checking account?

Mathematics
2 answers:
antoniya [11.8K]3 years ago
4 0
Most banks charge an overdraft fee is a disadvantage of withdrawing more money than is available in a checking account
scoundrel [369]3 years ago
3 0
One disadvantage is most banks charge an overdraft fee once you take out more money than what is available.
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You are planning to invest $5000 in an account earning 9% per year for retirement. a. If you put the $5000 in an account at age
ICE Princess25 [194]

Answer:

A).Amount = $218250

B). Amount = $88700

Step-by-step explanation:

A) .$5000 in an account at age 23, and withdraw it 42 years

Number of years t= 42 years

Principal P = $5000

Rate r= 9%

Number of times compounded n= 42

A= p(1+r/n)^(nt)

A= 5000(1+0.09/42)^(42*42)

A= 5000(1+0.002143)^(1764)

A= 5000(1.002143)^1764

A= 5000(43.65)

A= 218250

Amount = $218250

B).waits 10 years before making the deposit, so that it stays in the account for only 32 years

Number of years t= 32 years

Principal P = $5000

Rate r= 9%

Number of times compounded n= 32

A= p(1+r/n)^(nt)

A= 5000(1+0.09/32)^(32*32)

A= A= 5000(1+0.0028125)^(1024)

A= 5000(1.0028125)^1024

A= 5000(17.74)

A= 88700

Amount = $88700

5 0
2 years ago
What is the size of angle x !!!
klemol [59]

Answer:

∠x = 67°

Step-by-step explanation:

∠x = 67° because they both are inscribed angles of the same arc

7 0
3 years ago
Read 2 more answers
4x+11<23 solve for x
jarptica [38.1K]
Let's solve your inequality step-by-step.
<span><span><span>4x</span>+11</span><23
</span>Step 1: Subtract 11 from both sides.
<span><span><span><span>4x</span>+11</span>−11</span><<span>23−11</span></span><span><span>4x</span><12
</span>Step 2: Divide both sides by 4.<span><span><span>4x</span>4</span><<span>124</span></span><span>x<3
</span><u>Answer:
</u><span>   x<<span>3</span></span>
8 0
3 years ago
-1 -5(-2k+ 3) = - 76​
Ket [755]
Answer is -6(see photo for step by step):

4 0
3 years ago
A store owner buys a total of 4,000 items for two different products. For shipping costs, it is $0.10 per item of product A and
baherus [9]
x + y = 4,000
0.1x + 0.04y = 352

Product A represents x and product B represents y. The first equation is the total number of items the store owner buys. The second equation is cost per item for both products. The above system of equations can be used to determine how much product A and product B the store owner bought. 


8 0
2 years ago
Read 2 more answers
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