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djverab [1.8K]
3 years ago
13

A certificate of deposit often charges a penalty for withdrawing funds before the maturity date. If the penalty involves two mon

ths of interest, what would be the amount for early withdrawal on a $20,000, 6 percent CD? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Business
1 answer:
jeka57 [31]3 years ago
7 0

Answer:

The penalty will be worth $200.

Explanation:

The certificate of deposit is worth $20,000.

The interest rate on it is 6%.

The penalty on early withdrawal is 2 months of interest.

The annual interest

= Annual\ interest\ rate\ \times\ Investment

= 0.06\ \times\ $20,000

= \$ 1,200

The penalty will be

= 2\ months\ of\ interest

= \frac{2}{12}\ \times Annual\ interest

=\frac{2}{12}\ \times\ \$ 1,200

= \$ 200

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Why have many nations chosen to use taxpayer dollars to subsidize primary, secondary, and higher education
Alona [7]

Answer and Explanation:

This is because education has a positive rate of return. Investment in Education is an investment in new knowledge which is beneficial to any country. These countries have subsidized these forms of education because they recognize that an investment in education is an investment in human capital. Which would likely increase future productivity and ability to earn money.

Education is very beneficial to the individual who gets it, but a country where it's citizens have a good level of education benefits everyone positively.

1. Better health outcomes due to breakthroughs in research.

2. Reduction in Crime rates

3. Better environment

4. Also a better government

Are reasons for using taxpayers dollars to subsidize all these levels of education.

3 0
3 years ago
What is a consequence of ending a performance appraisal interview on a negative note? Both the supervisor and employee may devel
Ahat [919]

Answer:

The correct answer is letter "C": The employee whose performance was appraised may develop a deflated ego.

Explanation:

Appraisal interviews are conducted to discuss the performance of employees. The company sets a standard of how the duties of workers must be developed and employees are evaluated based on those guidelines. The closer the employee method or woking is to the company's standards, the possibilities of scoring higher increase.

However, not all employees end up with a good score after appraisals. <em>Those who are provided with negative notes typically develop a deflated ego since their performance was qualified as lacking. Managers must follow up on these workers to make sure they are not discouraged and that they accomplish the objectives their roles demand.</em>

4 0
4 years ago
The higher wages college graduates receive are primarily due to discrimination Answer A: discrimination A differences in working
Naya [18.7K]

Answer:

A differences in working conditions

Explanation:

The working conditions of the employees matters a lot when it comes to determine the wages of the employees. There is always a discrimination made based on the working condition, the level of education received by the employees and many more.

Thus the higher wages received by the college graduates is mainly due to the working condition and the responsibilities that they are going take while working in an organization when compared to their sub-ordinates.

3 0
3 years ago
Goldie is a manager in a company that manufactures wrought iron furniture. She assesses the performance of the company by determ
Rainbow [258]

Answer: Partial Productivity.

Explanation:

Goldie is making use of partial productivity to evaluate her company's performance. Partial Productivity is a method of calculating productivity by comparing the total output to a fraction of the input.

Partial Productivity =

output / single input

4 0
3 years ago
The sources of economic growth are​ _______. A. work hours growth and labor productivity growth B. democracy and labor productiv
Luden [163]

Answer:

A. work hours growth and labor productivity growth

Explanation:

An economy is a function of how money, means of production and resources (raw materials) are carefully used to facilitate the demands and supply of goods and services to meet the unending needs or requirements of the consumers.

Hence, a region's or country's economy is largely dependent on how resources are being allocated and utilized, how many goods and services are to be produced, what should be produced, for whom they are to be produced for and how much money are to be spent by the consumers to acquire these goods and services.

Basically, there are four (4) main types of economy and these are;

I. Mixed economy.

II. Free market economy.

III. Traditional economy.

IV. Command economy.

Generally, the sources of economic growth of a country are​ work hours growth and labor productivity growth.

Labor (working) is simply the human capital or workers who are saddled with the responsibility of overseeing and managing all the aspects of production.

7 0
3 years ago
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