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- Assume that if funds are withdrawn before the CD matures, the early withdrawal fee is 3 months' interest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:
h = 17.65 m
Step-by-step explanation:
The given equation gives the speed at impact :
h is height form where the object is dropped
Put v = 18.6 m/s in the above equation.
So, the object must be dropped from a height of 17.65 m.
Answer:
a) log 2 (48 ×3 ×9 )
log 2 1296
10.3
b) log 4 24 - log 4 3/4 log 4 2
log 4 36
2.58
Answer:
it shod be C A E B D
Step-by-step explanation:
