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
Iteru [2.4K]
3 years ago
15

Suppose you buy a CD for $400 that earns 2.5% APR and is compounded quarterly. The CD matures in 5 years. Assume that if funds a

re withdrawn before the CD matures, the early withdrawal fee is 3 months' interest. What is the early withdrawal fee on this account?
A. $6.25
B. $2.50
C. $1.25
D. $3.13
Mathematics
2 answers:
Step2247 [10]3 years ago
7 0
The withdrawal fee will not take the compund rate, so, you should apply the usual formula for not compound rate, <span>
400⋅0.025/12⋅3=2.50

</span><span>Where we divide the APR to adapt to a monthly base, and then multiply the number of months.</span>
Reika [66]3 years ago
3 0

The answer is $2.50

You might be interested in
Solve the equation below for y.<br><br> 12(y−8) = 14y−2
salantis [7]
The answer to the question is: y=-47
5 0
3 years ago
Read 2 more answers
The height of certain banner is equal to one third of its length, If the banner is 5 feet tall, write an equation that can be us
Ludmilka [50]

5÷3=length

5 is the length of the banner and you need to know the length. You already know that the length is 1/3 of the width (5).

1.7 feet

3 0
3 years ago
50 pointsssssssssssssss!!!!!!!!!!!!!!!!! check image!!!!!!!!!!!!!!!!!!!!1111111
Ivahew [28]
Convert square<span> units ... Pi is approximately , or </span>3.14<span> rounded to two decimal places. ... Note: In </span>finding<span>the circumference of a circle, you can </span>use<span> whichever approximation for pi .... Converting Between </span>Feet<span>and Yards in </span>Finding Area<span> .... </span>38<span>. Cost. An A-frame cabin has a triangular front with a base of 30 ft and a height of. 20 ft. Hope this helped please mark me as brianliest thx</span>
7 0
3 years ago
What is the answer to q divided by 1/3= 1 1/2
katrin2010 [14]
The answer is q = 3/6.
7 0
2 years ago
Read 2 more answers
How do u solve two points using the distance formula?
aliya0001 [1]

Step-by-step explanation:

For two points (x₁, y₁) and (x₂, y₂), the distance between them is:

d² = (x₁ − x₂)² + (y₁ − y₂)²

The order of points 1 and 2 don't matter.  You can switch it:

d² = (x₂ − x₁)² + (y₂ − y₁)²

This is basically the Pythagorean theorem for a coordinate system.

Let's do an example.  If you have points (1, 2) and (4, 6), then the distance between them is:

d² = (4 − 1)² + (6 − 2)²

d² = 3² + 4²

d² = 9 + 16

d² = 25

d = 5

If you have points with negative coordinates, remember that subtracting a negative is the same as adding a positive.

For example, the distance between (-1, -2) and (4, 10) is:

d² = (4 − (-1))² + (10 − (-2))²

d² = (4 + 1)² + (10 + 2)²

d² = 5² + 12²

d² = 25 + 144

d² = 169

d = 13

3 0
3 years ago
Other questions:
  • The diameter of an ancient chariot is wheel is 2 meters what is the approximate distance the chariots travel if the wheel rotate
    13·1 answer
  • Find 26th term in the arithmetic sequence: -15,-35,-55,-75,...
    14·2 answers
  • A manufacturing plant can produce 150 shoes or 100 sandals per hour. Let a represent the hours spent producing shoes and p repre
    14·1 answer
  • $300 at 5% annual interest for 7 years.
    8·2 answers
  • 2 minus 4 plus 6 divide 3
    13·2 answers
  • Apply the distributive property to factor out the greatest common factor.<br> 30+42=30+42=
    7·2 answers
  • Click on the pic,, plz help
    12·1 answer
  • 1/2 (x + 3) = -5x + (40 divided by 1)
    12·1 answer
  • I need to step-by- step ways on how this is or isn’t a solvable equation. Please HELP
    12·1 answer
  • Tell whether the ratios form a proportion.<br><br> 2/5,40/16
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!