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Vanyuwa [196]
3 years ago
11

Norm has $15,000 to deposit. His daughter is a junior in high school and plans to go to college. Recommend the best way for Norm

to store his money. Note that the interest rates are expressed on an annual basis.
a.

A four-year CD paying 4.8% interest, with a substantial penalty for early withdrawal


b.

An online savings account offering 2.3% interest


c.

A money market account paying 3.5% interest, renewable for three-month commitments


d.

A checking account with no monthly fees

Mathematics
2 answers:
Aloiza [94]3 years ago
8 0
<span>The best way for Norm to store his money is through C. A money market account paying 3.5% interest, renewable for three-month commitments. Even though a four-year CD offers a higher interest at 4.8%, the fact that there is a substantial penalty for early withdrawal is a negative factor for Norm. His daughter needs the money after 2 years since she is already a junior in high school.</span>
emmasim [6.3K]3 years ago
3 0

Answer:

C. A money market account paying 3.5% interest, renewable for three-month commitments.

Step-by-step explanation:

Just answered it correct

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Stephanie has a homeowners insurance policy for her $355,000 home with an annual premium of $0.42 per $100 of value and a deduct
frosja888 [35]

Answer:

$0.28 per 100 of value (B)

Step-by-step explanation:

Stephanie has a homeowner insurance policy of $355,000

Annual premium = $0.42 per 100

There is a deductible of $500

Stephanie has an annual out of pocket expense of

[($355,000/100) x $0.42] + $500 = $1,991

From the question, Stephanie now wants a new deductible amount of 1000.

Let X be the new annual premium

[(355,000X) / 100] + 1000 = 1991

3550X + 1000 = 1991

3550X = 1991 -1000

3550X = 991

X = 991/3550

X = 0.2791

X = 0.28 ( approximately)

The new annual premium is $0.28 per 100 of value

5 0
3 years ago
Which of the following graphs represents a line that is parallel to the line y = - 1/3x - 2?
aalyn [17]
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7 0
3 years ago
Can someone help me with this problem pls
GREYUIT [131]

Answer:

my answer was 7.5

Step-by-step explanation:

    2

2b+3b-10

4b+3b-10

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3b

__                       2

4b because... b-2b=4b and 8-4b=4b

3/4 =7.5 because 4 cant go into three so you add a decimal and a zero and move decimal up and 4 can go into 30 7 time which equals 28 and 30-28 is 2 add another zero and its 20 and 4 goes in 5 times which equals 20 and 20-20=0 so its 7.5 (i hope this helps ;)


8 0
3 years ago
How high is the building (ie. from what height was the potato launched) if h=-2(t-3)2+32
Llana [10]

Answer:

14

Step-by-step explanation:

To find the height from which the potato was launched, you need to set the time to 0 (since that is at the beginning). Plugging this into the equation, you get:

h=-2(0-3)^2+32

h=-2(9)+32

h=32-18

h=14

Hope this helps!

5 0
3 years ago
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