Answer:
i don't know nothing about that
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- Assume that if funds are withdrawn before the CD matures, the early withdrawal fee is 3 months' interest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:
You can learn more about the interest in brainly.com/question/11149751
#LearnwithBrainly
If we set the unknown distance (in miles) as x, then we set up an equation according to the data, we can solve for x.
Time taken to go to resort : x/48
Time taken to return : x/40
Total time = x/48+x/40 = 11
Solve for x
common multiple between 48 and 40 = 240
so
5x/240 + 6x/240 = 11
(5x+6x)/240 = 11
11x = 11*240, => x=240
Distance from home to resort is 240 miles
Answer:
563.55
Step-by-step explanation:
85/100*663=563.55
Answer:
the answer is A
Step-by-step explanation:
i know trust me
