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RUDIKE [14]
2 years ago
6

A certificate of deposit will often result in a penalty for withdrawing funds before the maturity date. If the penalty involves

two months of interest, what would be the amount for early withdrawal on a $20,000, 4 percent CD?
Business
1 answer:
Advocard [28]2 years ago
7 0

Answer:

The amount worth $133 for the prior withdrawal

Explanation:

The amount of annual interest is computed as:

Annual Interest = Withdrawal Amount × Percentage of Certificate Deposit (CD)

where

Withdrawal Amount is $20,000

Percentage of Certificate Deposit (CD) is 4%

Putting the values above:

Annual Interest = $20,000 × 4%

= $800

The amount of Penalty is computed as:

Penalty amount = 2 months of Annual Interest

= 2/ 12 × $800

= $133.33 or $133

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motikmotik

If a policy change causes a Pareto improvement, is the outcome necessarily Pareto efficient if a policy change causes a Pareto improvement, then the outcome is not necessarily Pareto efficient this is because another change in the policy could cause another Pareto improvement.

A Pareto development is a development of a device whilst an alternative in the allocation of goods harms no person and advantages as a minimum one character. Pareto enhancements also are called "no-brainers" and are generally predicted to be rare, due to the plain and effective incentive to make any available Pareto development.

Factors that lie within the PPF display an inefficient or below-usage of resources – this is Pareto inefficient. A Pareto development way that output of both products can increase as we move from inside the PPF to factors at the PPF boundary.

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4 0
1 year ago
You are considering acquiring a common stock that you would like to hold for one year. You expect to receive both $1.25 in divid
Vlad1618 [11]

Answer:

The maximum that should be paid for the stock today is $30.23.

Explanation:

The total return on a stock is made up of dividend received on the stock plus the capital gain received from selling the stock. The holding period is one year that means a 10% return on the amount invested in required for one year. We need to calculate the present value of the total of selling price plus the dividend to calculate the price of the stock today. As 10% return is required, the discount rate is also 10%.

PV = (1.25 + 32) / 1.1

PV = 30.227 rounded off to 30.23

5 0
3 years ago
A cash equivalent is: Multiple Choice Generally within 3 years of its maturity date. Close to its maturity date but its market v
11111nata11111 [884]

Answer:

An investment readily convertible to a known amount of cash

Explanation:

Cash equivalents are items usually recognized in the balance sheet along with cash (then names Cash and cash equivalent) that are readily or easily convertible to cash at an amount that is measurable.

Examples of cash equivalents include commercial papers, bank certificate of deposit, treasury bills usually with a tenor of 3 months or less etc.

Cash equivalents are assets and help improve the company's liquidity.

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2 years ago
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The declaration is mostly accurate or correct.

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3 years ago
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