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Mice21 [21]
3 years ago
12

Suppose you buy a CD for $750 that earns 4% APR and is compounded quarterly. The CD matures in 3 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withdrawn before the CD matures, the early withdrawal fee is 3 months' interest.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
Business
2 answers:
Alex3 years ago
3 0
The answer i got for this question is $7.50
yulyashka [42]3 years ago
3 0

Answer:

$7.5

Explanation:

The computation of the early withdrawal fee on this account is shown below:

= CD buying price × annual percentage rate × number of months for withdrawal fee

= $750 × 4% × 3 months ÷ 12 months

= $7.5

Simply we multiplied the buying price of CD with the annual percentage rate and the number of given months for withdrawal fee so that the exact fee amount can come.

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kati45 [8]

Answer:

no idea but im pretty sure its 6 months

Explanation:

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7 0
2 years ago
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One way that the world bank might experience an adverse selection in its own lending is if __________.
Sloan [31]

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When vendors and/or purchasers have different knowledge about a certain component of a product's quality, this is referred to as adverse selection. Thus, those who work in hazardous environments or lead high-risk lives are more likely to buy life or disability insurance, knowing that they will likely be able to use it.

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6 0
1 year ago
How do investment banks differ from commercial? banks? ?(mark all that? apply.)?
jenyasd209 [6]
Investment banks help companies to purchase, sell and make investments using bonds while commercial banks are concerned on managing deposits on both savings and checking account.

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4 0
3 years ago
Hodgkiss Mfg., Inc., is currently operating at only 95 percent of fixed asset capacity. Current sales are $800,000. Fixed assets
Norma-Jean [14]

Answer:

$4,292,699.99

Explanation:

Calculation to determine How much in new fixed assets are required to support this growth in sales

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3 0
3 years ago
He is sincere change into Negative plssss​
soldier1979 [14.2K]

He is not sincere.

This is the negative form of the sentence.

3 0
3 years ago
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