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- Assume that if funds are withdrawn before the CD matures, the early withdrawal fee is 3 months' interest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:
483 ft²
Step-by-step explanation:
2(7x7)= 98
3(5x12)=180
2(12x5)=120
2(5x5)= 50
1(7x5) = <u> 35 </u>
483
Multiply the price of popcorn by the number of bags so 6b.
Multiply the price of candy by the number bought, so 3.25c
Add those together to get total :
6b + 3.25c
Now the most she can spend is 50 so set the equation to less than it equal to what she can spend:
6b + 3.25c <= 50
I strongly disagree bc it was an corporation for the public in 1995
Answer:
3rd one
Step-by-step explanation:
12
