Answer: =(x - 1) x (x^2 + x + 1)
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- Assume that if funds are withdrawn before the CD matures, the early withdrawal fee is 3 months' interest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
Answer:
The answer is 114 which is the first answer which is A
Step-by-step explanation:
The rest 99, 87, and 25 just dont
Hope this helps you
Answer:
(-1, 5)
Step-by-step explanation:
3 [x + y = 4]
3x + 3y = 12
- 3x + 7y = 32
-4y = -20
y = 5
x + 5 = 4
x = -1
