1.33333333333333333333333333333333333333333333333
or 1.33
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- Assume that if funds are withdrawn before the CD matures, the early withdrawal fee is 3 months' interest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
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I'm not exactly sure of what you mean, but if the number (for example) were 2,3, and 6 you could say 2 and 6 multiply to get 6 and 6 divided by 2 would be 3 and so on. You could do this with any operation. Hope this helps, and sorry if this wasa little unclear.
Answer:
Step-by-step explanation:
21 is c
Answer:
8/45
Step-by-step explanation:
Define x to be the value of your fraction:
____
When in doubt, you can use your calculator to see which fraction gives you 0.1777777778.
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We multiplied by 10^1 above, because there is 1 repeating digit. The power of 10 we use matches the number of repeating digits.
