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- Assume that if funds are withdrawn before the CD matures, the early withdrawal fee is 3 months' interest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:
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Answer:
If 11 oranges cost $2.35, then the cost of 18 oranges is $3.84.
Step-by-step explanation:
We have,
The number of oranges purchased varies directly as the price of the oranges.
If the cost of 11 oranges is $2.35.
It is required to find the cost of 18 oranges.
As their is direct relation between number and oranges and price.
So,
The cost of 1 orange is $
.
For finding the cost of 18 oranges, multiply 18 by $ such that,
So, If 11 oranges cost $2.35, then the cost of 18 oranges is $3.84.
<span>from the whole price,
15% of this price is equal to $18.00.
therefore if 15 % equals $18.00
then 100% is the original price therefore 100 % = 18.00 / 15 % x 100% = $120 therefore original price = $120</span>
Answer:
the characters choices often cause the conflicts
create links to other slides , videos or documents
a presentation that does not have any interaction
Step-by-step explanation:
hope I helped!! ;)
