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Luden [163]
3 years ago
12

QUICK I NEED ANSWER ASAP What happens if you decide to cash in your Certificate of Deposit (CD) before its maturity date?

Mathematics
2 answers:
Helga [31]3 years ago
7 0
You’ll have to pay a penalty, forfeiting some of your interest
Oxana [17]3 years ago
6 0

Answer:

Step-by-step explanation:

Certificate of deposit is issued for a fixed period with maturity amount and value on it.  If closed at the date of maturity as per agreed interest full interest and hence full maturity value will be paid

If before its maturity date it has to be cashed, then the actual time period run from the date of issue to closing date would be calculated.  The interest rate for that period run - penalty of 1% for premature closing will be the interest rate paid.

Thus the amount paid will be less than maturity value because of reduction in interest for actual running period and also penalty of 1%

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Aneli [31]

Answer:

yes it does equal 72

Step-by-step explanation:

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2 years ago
What is a commonly accepted set of assumptions
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A _______ is a commonly accepted set of scientific ideas and assumptions.

Answer: paradigm
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3 years ago
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3 years ago
Read 2 more answers
Half an hour after leaving her house Beverly was 20 miles from home. At this point she merged onto the highway and was traveling
N76 [4]

Answer:

1. 45.71 miles

2. 10 miles

3. 89.43 miles

4. 0.79 hr

5. 0.025 hr

Step-by-step explanation:

speed = distance/time

After 4 hrs Beverly was 200 miles from home , however she had spent 0.5hr travelling for 20 miles prior to getting to the highway.

Therefore;

Constant speed before Highway = 20/0.5 = 40 miles/hr

Constant speed at Highway = \frac{(200-20)}{(4-0.5)} = 51.43 miles/hr

1. in 1 hr beverly will have travelled;

⇒ (20 miles in 0.5 hr ) + (0.5 hr  at speed 51.43 miles/hr)

⇒ 20 + (0.5 x 51.43) = 45.71 miles

2. In 0.25 hr beverly had not reached the highway

⇒ distance = speed x time

⇒ distance = 40 x 0.25 = 10 miles

3. in 1.85 hrs beverly will have travvelld;

⇒ (20 miles in 0.5 hr ) + (1.35 hr at speed 51.43 miles/hr)

⇒ 20 + 69.43 = 89.43 miles

4. Time taken to get to 35 miles

⇒ (20 miles in 0.5 hr ) + (15 miles  at speed 51.43 miles/hr)

⇒ 0.5hr + (15/51.43) hr = 0.79 hr

5. Time taken to travel 1 mile

 ⇒ time = distance / speed = 1 mile  / 40 miles/hr

⇒ time = 0.025 hr

8 0
3 years ago
If yvaries inversely as x and y=18 when x=2, find y when x=4
Sergio039 [100]

I believe the answer would be 36.

Hope this helped you. ;}

7 0
4 years ago
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