Answer:
The penalty will be $133.333 for the early withdrawal.
Explanation:
On a $20,000 earning 4% annually, the amount of interest earned per year is:
$
20
,
000 x 4% = $
800
On a monthly basis, the CD earns:
$
800 / 12 = $
66.667
If the penalty involves a two (2) months worth of interest, then, the penalty for the early withdrawal will be:
2 x $
66.667 = $
133.333
Answer:
=$48
Explanation:
Mark-up refers to the intended profit margin: It is selling price -cost of production.
For Rockport Fisheries: cost of production is $ 30
Mark -up is 60 %. i.e., profit margin equal to 60 % of cost price
Selling price= cost +mark up
= $30 + (60/100 x100)
=$30+$18
=$48
That sounds like it would be True
Planning for sure. that’s how you want to have any project
If the reserve requirement is 10 percent and the central bank sells 10,000 in government bonds on the open market, the money supply will <u>decrease by a maximum of $100,000.</u>
<h3>
What is Reserve Requirement?</h3>
- The amount of money that a bank must have in reserve in order to pay its obligations in the event of unforeseen withdrawals is known as the reserve requirement.
- The central bank uses reserve requirements as a tool to alter the amount of money in the economy and affect interest rates.
- Based on a portion of the cash that customers have on hand, banks lend them money.
- In exchange for this power, the government imposes one obligation on them to maintain a minimum balance of deposits to cover potential withdrawals.
- The reserve requirement is the amount that banks must hold in reserve and are not permitted to lend above.
To learn more about reserve requirement with the given link
brainly.com/question/17348419
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