Suppose you buy a CD for $300 that earns 3% APR and is compounded
quarterly. The CD matures in 5 years. Assume that if funds are withdrawn
before the CD matures, the early redemption fee is 3 months' interest. What is
the early redemption fee on this account?
A. $1.50
B. $6.00
C. $2.25
D. $3.75

Answers

Answer 1
I believe the answer you’re looking for is C exclamation :hope this helps
Answer 2

The early redemption fee on this account is $2.25.

What is APR?

The annual percentage rate (APR) is the interest generated by a sum charged to borrowers or paid to investors each year. APR is a number that shows the actual yearly cost of funds throughout the life of a loan or the revenue received on an investment. This includes any fees or additional costs linked with the transaction but excludes compounding. The APR provides consumers with a single number that they may use to compare lenders, credit cards, and investment products.

We buy a CD for $300 that earns 3% APR and is compounded quarterly.

So, The early withdrawal fee is equivalent to 3 months' interest.  

= (APR / 12) X 3

= APR / 4

= 3% / 4

= 0.03/ 4

= 0.75

and, the Early withdrawal fee = 0.75 x $300

Thus, the redemption fee  is

= 0.0075 x $300

= $2.25

learn more about interest here:

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Related Questions


If Sherry saves one-eighth of her paycheck and places it in a savings account, and each paycheck is $450,
then how much does she save?


Answers

Answer:

$56.25

Step-by-step explanation:

450/8=56.25

Sonya measured her pet mouse from the tip of its nose to the tip of its tail. Her mouse is fourteen hundredths of a meter long. Which of the following expresses this length as a decimal? A 0.014 0.14 C1.4 14.00​

Answers

Answer:

A 0.014

Hope this helps!!!!

Use the information in the figure to determine the height of the pole.

Answers

(x + 5)^2 + (x/2 + 6)^2 = (30)^2

Take it from here.

Answer:

pole height = 29 ft

Step-by-step explanation:

x² = 30² - (1/2x + 6)² = 30² - (1/4x² + 6x + 36) = 900 - 1/4x² - 6x - 36

combine like terms:

x² = -1/4x² - 6x + 864

1 1/4x² + 6x - 864 = 0

divide both sides of the equation by 1 1/4:

x² + 4.8x - 691.2 = 0

(x - 24)(x + 28.8) = 0

x = 24 ft

pole height = 24 + 5 = 29 ft

What is the slope of the line 4x + 2y = 8?
А 2
b -2
c 1/2
d -1/2

Answers

Answer:

x = -1/2y+2

Step-by-step explanation:

4x+2y=8

Step 1: Add -2y to both sides.

4x+2y+−2y=8+−2y

4x=−2y+8

Step 2: Divide both sides by 4.

4x/4 = -2y+8/4

x = -1/2y+2

Hope this helps!

Choose all of the statements that correctly compare the two functions shown.

Alec's rate of savings is greater than Beth's.

entific

Alec and Beth are saving at the same rate.

Alec started with more money than Beth

mulas

Time

maining

:19:23

Beth started with more money than Alec,

de les

At 10 days, Alec will have $1 more than Beth in savings,

Answers

Answer:

b, c and e

Step-by-step explanation:

Given

See attachment for functions

Required

Select all statements that contain both functions

First, calculate the rate (slope) of both functions.

This is calculated as:

[tex]m = \frac{y_2 - y_1}{x_2 - x_1}[/tex]

For Alec's

[tex](x_1,y_1) = (0,3)[/tex]

[tex](x_2,y_2) = (2,9)[/tex]

So, the slope is:

[tex]m = \frac{9 - 3}{2 - 0}[/tex]

[tex]m = \frac{6}{2}[/tex]

[tex]m =3[/tex]

For Beth's

[tex](x_1,y_1) = (5,17)[/tex]

[tex](x_2,y_2) = (12,38)[/tex]

So, the slope is:

[tex]m = \frac{38 - 17}{12 - 5}[/tex]

[tex]m = \frac{21}{7}[/tex]

[tex]m =3[/tex]

Beth and Rec have the same slope. Hence, they save at the same rate.

Next, determine the amount they started with.

This implies that we calculate y when x = 0

From Alec's graph.

[tex](x,y) = (0,3)[/tex]

Alec's initial savings is 3

For Beth's savings, we make use of slope formula.

[tex]m = \frac{y_2 - y_1}{x_2 - x_1}[/tex]

[tex](x_1,y_1) = (5,17)[/tex]

[tex](x_2,y_2) = (0,y)[/tex]

So, we have:

[tex]3 =\frac{y - 17}{0 - 5}[/tex]

[tex]3 =\frac{y - 17}{ - 5}[/tex]

[tex]y - 17 = -15[/tex]

[tex]y = 17 -15[/tex]

[tex]y = 2[/tex]

Beth's initial savings is 2

Hence, Alec started with more money

Next, is to determine who has more money after 10 days.

Since they save at the same rate, the difference in their savings after any number of days will be the difference in their initial savings.

The difference (d) is calculated as:

[tex]d = 3 - 2[/tex]

[tex]d = 1[/tex]

Hence, Alec will have $1 more than Beth after 10 days

Answer:

its bc and e or Alec and Beth are saving at the same rate. Alec started with more money than Beth. and At 10 days, Alec will have $1 more than Beth in savings.

Step-by-step explanation:

PLEASE HELP ME THIS IS URGENT I HAVE 6 MINUTES PLEASEE

Answers

Answer:

1 goes to 2

2 goes to 4

3-goes to 1

and 4 goes to 3

Step-by-step explanation:

I apologize for the messy photo but please help me with this, I’m really confused! Thank you so so so much.

Answers

1)+4

2)-4

3) 2

4) i don't know

5)

Answer: (-2)²=4

-2²=-4

square root of 4 is 2

1 over the square root of 8 is -2

1 aquare root of -8 is 2,-2

Step-by-step explanation:plug them into calculator

D 2. Squares, rectangles, and rhombi åre types of trapezoids.
True
O
False

Answers

Answer:

false

Step-by-step explanation:

PLEASE HELP !! ILL GIVE BRAINLIEST !!

Answers

Answer:

jkh and ihk

Step-by-step explanation:

Answer:

<JHK and IHK

Step-by-step explanation:

Solve for x.
5(x + 1) = 4(X + 8)
Ox= 37
Ox=7
Ox=27
Ox=17
Help please

Answers

Answer:

27

Step-by-step explanation:

Please help me ASAP really need help!!!

Answers

Answer:

2.7

Step-by-step explanation:

the scale factor should be consistant as you scale up and down. So you can divide 4.59 by its corresponding side of 1.7 in order to get the scale factor of 2.7. When repeated with the other sides this number should remian consitant.  

5/8
6 ft
9 ft
Find the area of the shape

Answers

Answer:

33.75 or rounded to the nearest tenth: 33.8

help me for a brianly

Answers

Answer:

32 yd²

Step-by-step explanation:

because 8 • 4 is 32 so it's 32 yd²

Answer:

A = 32 yds^2

Step-by-step explanation:

We know the formula for the area of a rectangle is

A = lw  where l is the length and w is the width

A = 4 yds * 8 yds

A = 32 yds^2

Fernando and Maria are at opposite sides of a park. They plan to meet later at a fountain that is located somewhere between them. Maria will arrive at the fountain first, before Fernando even leaves his starting location. The ratio of Maria's starting location to the fountain to Fernando's starting place is 5:3. What is the location of the fountain? Round to the nearest tenth, if necessary. ( ,

Answers

Answer: the fountain is located at point (-1,-0.5)

Step-by-step explanation:

Answer: (-1 , -0.5)

Step-by-step explanation:

Solve for x
X^2 - y = z

Answers

Answer:

± sqrt(z+y)

Step-by-step explanation:

x^2-y=z

for x

x^2=z+y

taking sqrt on both sides

x= ± sqrt(z+y)

Find the area of the shaded region

Answers

Answer:

A = 35cm^2

Hope this helps :)

Help please!!! I can’t figure it out

Answers

9514 1404 393

Answer:

  C. ... 3 1/4 cups

Step-by-step explanation:

The problem statement tells you that the other measures are combined. That means you're looking for an expression like ...

  3/8 × ((3 2/3) +(2 1/4) +(2 3/4))

This eliminates choices B and D.

If you look at the numbers in parentheses, you see that the 1/4 and 3/4 will have a sum of 1, so the only fraction in the sum will be 2/3. This eliminates choice A.

The only viable answer choice is C.

__

If you like, you can check to see that answer C is correct.

  (3/8)(8 2/3) = (3/8)(26/3) = 26/8 = 3 2/8 = 3 1/4

Which expression can go in the blank to make this equation true
-4.5 + 4.4 + ? = 0

Answers

Answer:

+ 0.1

Step-by-step explanation:

So, first, we will add together -4.5 + 4.4, which equals -0.1. Then, we need to add the positive value of that to make it 0, so we add 0.1. I Hope This Helps :)

Calculate the number of edges of the solid. Given it has 8 faces; 4 hexagons & 4 triangles

Answers

Answer:

20 Edges

Step-by-step explanation:

As this figure shows only 10 edges..so to meet the given condition (8 faces; 4 hexagons & 4 triangles) same figure is present at the back making total of 20 Edges.

The bell on the clock tower rings every 15 minutes. If the bell has rung 24 times, how many minutes have passed?

Amber chose A. How did she get that answer?

Answers

Answer 360min = 15 days

Work:
Bell rings every 15 min
It ringed 24 times

15 min x 24 = 360min = 15 days

in a drawer, there are 3 white socks, 4 black socks, and 2 brown socks. You pick out a sock, replace or, turn pick put a 2nd sock. What is the probability that you will pick a brown then black?

A) 12/81


B) 6/81


C) 8/81

Answers

I believe the answer is B) 6/81

Question 2 of 10
What is the solution to this equation?
x - 16 = -8
A. x= 8
B. x = -8
C. x = 24
D. x= -24

Answers

A. X= 8
X-16=-8
X= -8+16
X=8
A explanation for this add 16 to negative 16 to move it -8 plus 16 equals 8 your left with X=8

find the length of the side (x)

Answers

Answer:

C) x = 3.7

Step-by-step explanation:

sin 41° = x/5.6

0.6561 = x/5.6

x = 3.7

30 POINT REWARD!!! (haha I need to write 20 characters so that why this is here ps. please help)

Answers

Answer

Sorry, I need points to ask more question.

A farmer used 204 feet of fencing to enclose a garden in the shape of a rectangle. If the length of the garden is twice the width, what is the width of the garden?
A) 34ft
B) 40.8ft
C) 51ft
D) 68ft
E) 81.6ft

Answers

Answer:

A

Step-by-step explanation:

Area=L+L+B+B

L=2

B=1

So, L+L+B+B=6

204/6=34

So, it's 34 ft, which is A.

You apply for a job and have to take a drug test. You are curious about the error rate for the test so you do some research. You find a study where 47 out of 382 test results using this test were wrong (either a false positive or a false negative). The company that produces the drug test claims that less than 14% of the test results are wrong. Test if this seems accurate.

Answers

Answer:

Test statistic  Z = -1.0

 |Z| = |-1.0| < 1.96 at 0.05 level of significance.

The null hypothesis is accepted

The company that produces the drug test claims that less than 14% of the test results are wrong

Step-by-step explanation:

Step(i):-

Given that the population proportion P = 14% =0.14

Given that the sample size 'n' = 382 tests

Given that find a study where 47 out of 382 test results using this test were wrong (either a false positive or a false negative).

Sample proportion

                        [tex]p = \frac{x}{n} = \frac{47}{382} = 0.1230[/tex]

Null hypothesis: H₀ : P = 0.14

Alternative Hypothesis:H₁ : P≠ 0.14

Step(ii):-

Test statistic

              [tex]Z = \frac{p-P}{\sqrt{\frac{PQ}{n} } }[/tex]

         [tex]Z = \frac{0.1230-0.14}{\sqrt{\frac{0.14 X0.86}{382} } }[/tex]

       Z = - 1.0

     |Z| = |-1.0| < 1.96 at 0.05 level of significance.

Final answer:-

The null hypothesis is accepted

The company that produces the drug test claims that less than 14% of the test results are wrong

               

Two small planes start from the same point and fly in opposite directions. The first plane is flying 25 mph slower than the second plane. In 2 hrs, the planes are 470 mi apart. Find the rate of each plane.

Answers

Answer:

105 mph = rate of first plane

130 mph = rate of second plane

Step-by-step explanation:

Let r = rate of first plane

then r + 25 = rate of second plane

2r = distance of first plane

2(r + 25) = distance of second plane

2r + 2(r + 25) = 470

2r + 2r + 50 = 470

4r = 420

r = 105 mph

r + 25 = 130 mph

Samantha makes $8.00 an hour babysitting. With the money Samantha earns babysitting, she plans to buy herself a MP3 player that costs $154.00.

Which inequality represents the number of hours Samantha would have to babysit in order to have enough money to buy the MP3 player?

A youth group takes a bus to the movie theater. The cost of a drink is $2.25, the cost of popcorn is $3.45, and the cost of a ticket is $7.00. Each student gets a ticket, a drink, and popcorn. The bus rental costs $100.

If the total cost of the trip is $252.40, how many people went?

Sandra surveyed 15 of her friends to find the number of badges and stickers they owned.


Based on the distribution of data, which observation is correct?


The mean number of stickers is about 1.3 times the mean number of badges.

The mean number of stickers is about 1.3 times the mean number of badges.

The mean number of stickers is about 0.78 times the mean number of badges.

The mean number of stickers is about 0.78 times the mean number of badges.

The mean number of badges is greater than the mean number of stickers because the tallest column is farther right.

The mean number of badges is greater than the mean number of stickers because the tallest column is farther right.

The median number of badges is greater than the median number of stickers because the tallest column is farther right.

The median number of badges is greater than the median number of stickers because the tallest column is farther right.

Answers

Answer:

8h ≥ 154

Step-by-step explanation:

Mark me Brainllest

Find the equation for the following parabola. Vertex 0,0. Focus 2,0.

Answers

Answer:

8x

Step-by-step explanation:

Answer:

Hi there! The equation for this parabola is y^2=8x.

Press the button without the slightest hesitation! :)

Step-by-step explanation:

Correct for Acellus! :)

What three-dimensional figure is represented by the net shown below?
A cube
B square pyramid
C rectangular prism
D rectangular pyramid

Answers

Answer:

C

Step-by-step explanation:

The net, if you imagine it folded up, will look like a long box.

Because all the dimensions are not equal, the figure cannot be a cube. Both square and rectangular pyramids have 5 faces, unlike this net.

A net of a rectangular prism, however, will have different dimensions for [tex]l[/tex] and [tex]w[/tex], and have 6 faces. So, the answer is C, rectangular prism.

Good luck ^^

The three-dimensional figure represented by the net shown below is a rectangular prism.

Option C is the correct answer.

What is a prism?

A prism is a three-dimensional object.

There are triangular prism and rectangular prism.

We have,

From the figure,

We see that it is an open rectangular prism.

All the open sides are rectangular in shape.

If we fold all the sides it will form a rectangular prism.

Thus,

The three-dimensional figure represented by the net shown below is a rectangular prism.

Learn more about prism here:

https://brainly.com/question/12649592

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