The early withdrawal fee on this account is $6.25
Step-by-step explanation:
Suppose you buy a CD for $1000
- It earns 2.5% APR and is compounded quarterly
- The CD matures in 5 years
- Assume that if funds are withdrawn before the CD matures, the early withdrawal fee is 3 months' interest
We need to find the early withdrawal fee on this account
∵ The annual interest is 2.5%
- Change it to decimal
∵ 2.5% = 2.5 ÷ 100 = 0.025
∴ The annual interest rate is 0.025
∵ The interest is compounded quarterly
∴ The interest rate per quarter = 0.025 ÷ 4 = 0.00625
∵ The early withdrawal fee is 3 months' interest
∵ You buy the CD for $1000
∵ A quarter year = 3 months
∴ The early withdrawal fee = 1000 × 0.00625 = $6.25
The early withdrawal fee on this account is $6.25
Learn more:
You can learn more about the interest in brainly.com/question/11149751
#LearnwithBrainly
<span>Segment EG is half the length of segment BH because of the Midsegment theorem</span>
Answer:
It's change of subject. :)
Answer:
Step-by-step explanation:
Use the Pythagorean theorem:
a and b are the legs and c is the hypotenuse. Insert the values:
Simplify exponents using the rule 
:
Simplify addition:
Find the square root:
Simplify in radical form: Find a common factor of 24 that is a perfect square:
Separate:
Simplify:
Finito.
Answer: Hey, do you know how to screenshot images? There is also a website for Brainly if needed
Step-by-step explanation:
