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- Assume that if funds are withdrawn before the CD matures, the early withdrawal fee is 3 months' interest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
Learn more:
You can learn more about the interest in brainly.com/question/11149751
#LearnwithBrainly
Answer:
Yeah
Step-by-step explanation:
There are 39 left handed students at Toms school
This is similar to the other question you posted. Follow the same steps as before.
First find g(41).
g(41) = sqrt{x - 5}
g(41) = sqrt{41 - 5}
g(41) = sqrt{36}
g(41) = 6
We now find f(6).
f(6) = -7(6) + 1
f(6) = -42 + 1
f(6) = -41
Answer:
(fºg)(41) = -41
Did you follow?
We need more to answer the question I think
