1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Reptile [31]
3 years ago
5

Suppose you buy a CD for $500 that earns 3% 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withdrawn before the CD matures, the early withdrawal fee is 3 months' interest.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?
Mathematics
1 answer:
DerKrebs [107]3 years ago
6 0

Answer:

  $3.75

Step-by-step explanation:

I = Prt

I = $500·0.03·(3/12) = $3.75

The early-withdrawal fee is $3.75 for the first quarter.

_____

Each quarter after that, the principal amount will be larger, so the interest penalty will be larger. The fee would be the amount of interest that would be credited at the end of the next quarter, or at the end of the quarter currently in progress.

You might be interested in
PLEASE HELP ME I AM PAYING 100 POINTS!!
Keith_Richards [23]

Answer:

1. 0.05x90

2. 4.5

Step-by-step explanation:

1. 0.05(50+40)

50+40=90

0.05x90

2. 0.05(50)+0.05(40)

0.05x50= 2.5

0.05x40= 2

2.5+2= 4.5

That all i could do sorry but I hope this helps

4 0
3 years ago
Read 2 more answers
Aman is standing 50 feet from the base of a building.
lozanna [386]

Step-by-step explanation:

To solve this you would use trigonometry. You would draw a triangle and mark the lower angle between the diagonal and horizontal line as 60. Then you would label the adjacent side as 50ft.

This means you are looking for the opposite and have the adjacent

To find the height you would do:

tan60 = Height÷50

Height = 50 tan60 = 86.6 feet (to 3 sf)

3 0
3 years ago
Read 2 more answers
Plz help me get the right answer to these
const2013 [10]

Equation: 3+1/5 x=-1

Step 1. You need to simplify both sides of the equation.

1 /5  x+3=−1

Step 2: Subtract 3 from both sides of the equation.

1 /5  x+3−3=−1−3

1 /5  x=−4

Step 3: Multiply both sides of the problem by 5.

5 x ( 1 /5  x)=(5) x (−4)

x=−20

Answer: x=-20

Hope I could help!

5 0
3 years ago
Read 2 more answers
When you multiply expressions with the same base, you ______ the exponents. Add multiply
e-lub [12.9K]

Answer:

  ... you <u>add</u> the exponents

Step-by-step explanation:

An exponent is a way of showing repeated multiplication. For example, ...

  x^2 means x·x

and

  x^3 means x·x·x

If we multiply these two expressions together, we get ...

  (x^2)·(x^3) = (x·x)·(x·x·x) =  x·x·x·x·x

This is a product in which x appears as a factor 5 times, so we can write it using an exponent as ...

  x·x·x·x·x = x^5

___

That is, when we multiply the expressions, we add the numbers of times the factor appears in the product:

  2 + 3 = 5

  x^2 · x^3 = x^(2+3) = x^5

4 0
4 years ago
5. Solve for x:<br> | 5x – 4 =16
Natali5045456 [20]

Answer:

x=4

Step-by-step explanation:

3 0
3 years ago
Read 2 more answers
Other questions:
  • A bag holds 6 tiles: 2 lettered and 4 numbered. Without looking, you choose a tile. What is the probability of drawing a number?
    9·2 answers
  • What is 6(3+4) in distributive property
    14·2 answers
  • Ali invited 18 adults and 6 children. Mo,Ali’s best friend,suggested that Ali seat an equal number of adults and an equal number
    11·1 answer
  • Multiply (−7)(2)(−2).
    15·2 answers
  • What is the range of the given function?
    9·2 answers
  • What does "due process of law" mean ?
    11·1 answer
  • Malia is placing a barrier around the edge of a circular path with a diameter of 13 m. The barriers are in lengths of 2.5 m.
    9·2 answers
  • Hey everyone! What is -9.56 - (-1.235) = ?<br> Thanks!
    5·1 answer
  • heeeeeeeeeeeeeeeeeeeeeeeeeeeeellllllllllllllllllllllllllllllllllllllllllppppppppppppppppppppppppppppppp
    11·1 answer
  • Question 10 of 10
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!