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- Assume that if funds are withdrawn before the CD matures, the early withdrawal fee is 3 months' interest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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f(-3) would be 36.
When looking at synthetic division, the numbers across the top represent the coefficients of x^2, x and the constant in that order. Therefore, the equation is as follows.
2x^2 - 5x + 3
Now we can put -3 into the equation and solve.
2(-3)^2 - 5(-3) + 3
2(9) + 15 + 3
18 + 15 + 3
36
Answer:
Step-by-step explanation:
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The first thing you should do is calculate the volume of the prism.
We have then:
V = h * L ^ 2
Where,
L: side of the square base.
h: height.
Substituting we have:
V = (0.5) * (1) ^ 2 = 0.5 feet ^ 3.
Then, we can make the following rule of three:
1.5 feet ^ 3 ---> 6
0.5 feet ^ 3 ---> x
Clearing x we have:
x = (0.5 / 1.5) * (6) = 2 $
Answer:
it will cost Sara 2 $ to completely fill her planter with soil