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monitta
4 years ago
8

Suppose you buy a CD for $900 that earns 8% 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withdrawn before the CD matures, the early withdrawal fee is 3 months' interest.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?
Mathematics
1 answer:
Dmitriy789 [7]4 years ago
3 0
A=p(1+i/m)^mn
A=900×(1+0.08÷4)^(4×3/12)
A=918
I=900-918=18
So the early withdrawal fee is 18
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Answer:

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Required

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3 years ago
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3 0
3 years ago
a) The table below shows the populations of several states (in millions) and the number of motor vehicle deaths in each. Complet
Cerrena [4.2K]
A.) The completed table is in the attached picture.
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4 0
3 years ago
Which group of ordered pairs are on the line given by the equation 5x – 2y = 6?
Katen [24]

Answer:

There are infinite ordered pairs are on the line because it has infinite solutions.

Step-by-step explanation:

5x - 2y = 6

-5x        -5x

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infinte solutions

4 0
3 years ago
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