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Westkost [7]
2 years ago
6

Please answer number 40 pls

Mathematics
1 answer:
kvasek [131]2 years ago
4 0

Answer:

A is the answer

Step-by-step explanation:

m¹⁶/4n¹²

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Suppose you buy a CD for $1000 that earns 2.5% APR and is compounded
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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  • Assume that if funds are withdrawn  before the CD matures, the early withdrawal fee is 3 months' interest

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∴ The interest rate per quarter = 0.025 ÷ 4 = 0.00625

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∴ 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

7 0
2 years ago
i have 30 coins. some of them are dimes, and some of them are quarters. in total, i have $4.05. how many of each coin do i have?
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Answer:

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