Ask question

Ask question

All categories

3 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withdrawn before the CD matures, the early withdrawal fee is 3 months' interest.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?

1 answer:

Dmitriy789 [7]3 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

You might be interested in

1 2 3 4 5 6 7 8 9 10 11 12 13

Rina8888 [55]

Answer:

The mean will increase more than the median, but both will increase.

[third option listed]

Step-by-step explanation:

the <em>median </em>of a data set is the number in the middle [when listed from lowest to highest in value]

1 2 3 4 5 6 7 8 9 10 11 12 13

is the current median

let's consider what adding 12 would mean--it would mean that we move the median slightly higher [further along in the data set] because there are more numbers (but let's try this out to confirm:)

1 2 3 4 5 6 7 8 9 10 11 12 12 13

[if a median placement is shared between two numbers, the mean/average of those two numbers is taken, and that is considered to be the median]

so, 7.5 is the current median

(this is an increase of 0.5)

--

the <em>mean</em> of a data set is what we commonly refer to as the "average"

[you find this value by adding all of the numbers in the data set together and dividing by the number of terms in the data set]

1 2 3 4 5 6 7 8 9 10 11 12 13

mean of original data set:

1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12 + 13 [= 91]

_______________________________________

13

[91 ÷ 13 = 7]

because our number is <em>greater </em>than our original mean [12 > 7], we know that the mean must increase:

[91 + 12 = 103]

[103 ÷ 14 ≈ 9.36]

[we had an increase of 2.36]

so, median increased by 0.5, mean increased by 2.36

so, both values increased, whilst the mean increased by <em>more </em>than the median [as to be expected]

you could also express this as "The mean will increase more than the median, but both will increase." [third option listed]

hope this helps!! :)

3 0

2 years ago

2/3 b + 5 =20 - b solve for b

Wittaler [7]

Answer:

$b = 9$

Step-by-step explanation:

$\frac{2}{3} b + 5 = 20 - b$

In order to solve for b, we must isolate the variable. We can start by subtracting 5 from both sides.

$\frac{2}{3} b + 5 - 5 = 20 - b - 5$

Simplify.

$\frac{2}{3} b = 15 - b$

Add b to both sides.

$\frac{2}{3} b + b = 15 - b + b$

Simplify.

$\frac{2}{3} b + b = 15$

Multiply everything by 3 to remove the fractions.

$3(\frac{2}{3}b+b) = 3(15)$

Simplify.

2b + 3b = 45

Simplify.

5b = 45

Divide 5 from both sides.

5b ÷ 5 = 45 ÷ 5

Simplify.

b = 9

For more information on solving variables, check out the following answers!

4 0

2 years ago

Read 2 more answers

How do you expand (x+2)^5

just olya [345]

Multiply
2
2
by
5
5
.
x
5
+
10
x
4
+
10
x
3
⋅
2
2
+
10
x
2
⋅
2
3
+
5
x
⋅
2
4
+
2
5
x
5
+
10
x
4
+
10
x
3
⋅
2
2
+
10
x
2
⋅
2
3
+
5
x
⋅
2
4
+
2
5
Raise
2
2
to the power of
2
2
.
x
5
+
10
x
4
+
10
x
3
⋅
4
+
10
x
2
⋅
2
3
+
5
x
⋅
2
4
+
2
5
x
5
+
10
x
4
+
10
x
3
⋅
4
+
10
x
2
⋅
2
3
+
5
x
⋅
2
4
+
2
5
Multiply
4
4
by
10
10
.
x
5
+
10
x
4
+
40
x
3
+
10
x
2
⋅
2
3
+
5
x
⋅
2
4
+
2
5
x
5
+
10
x
4
+
40
x
3
+
10
x
2
⋅
2
3
+
5
x
⋅
2
4
+
2
5
Raise
2
2
to the power of
3
3
.
x
5
+
10
x
4
+
40
x
3
+
10
x
2
⋅
8
+
5
x
⋅
2
4
+
2
5
x
5
+
10
x
4
+
40
x
3
+
10
x
2
⋅
8
+
5
x
⋅
2
4
+
2
5
Multiply
8
8
by
10
10
.
x
5
+
10
x
4
+
40
x
3
+
80
x
2
+
5
x
⋅
2
4
+
2
5
x
5
+
10
x
4
+
40
x
3
+
80
x
2
+
5
x
⋅
2
4
+
2
5
Raise
2
2
to the power of
4
4
.
x
5
+
10
x
4
+
40
x
3
+
80
x
2
+
5
x
⋅
16
+
2
5
x
5
+
10
x
4
+
40
x
3
+
80
x
2
+
5
x
⋅
16
+
2
5
Multiply
16
16
by
5
5
.
x
5
+
10
x
4
+
40
x
3
+
80
x
2
+
80
x
+
2
5
x
5
+
10
x
4
+
40
x
3
+
80
x
2
+
80
x
+
2
5
Raise
2
2
to the power of
5
5
.
x
5
+
10
x
4
+
40
x
3
+
80
x
2
+
80
x
+
32

4 0

3 years ago

Darnell rented a moving truck the weight of the empty truck was 7860 pounds when Darnell fill the truck with his items it weighe

Diano4ka-milaya [45]

A ton weighs 2000 pounds, so if you were to take 6 tons, it will be 12000 pounds.

4 0

3 years ago

Is the answer D or A

raketka [301]

Well an axis is like the whole line, so I would think its A, hope this helps.

7 0

3 years ago

Read 2 more answers