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- Assume that if funds are withdrawn before the CD matures, the early withdrawal fee is 3 months' interest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
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Answer:
160
Step-by-step explanation:
if girls is 6 and boys is 8
and there are 120 girls
120g= 6g * 20
meaning you multiply 8 by the same thing
160= 8b * 20
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Answer:
As per the graph, the function starts at point (0, -2) point it self not included.
The graph is extended down and right, so the given point is maximum of the function.
<u>The domain:</u>
<u>The range:</u>
The answer is 3:9 because it says that he sold 3 out of the 12 paintings and so it asks first of how many did he sell and he sold three and how many did he not sell and so it's nine left