Suppose you buy a CD for $500 that earns 3% APR and is compounded quarterly. The CD matures in 3 years. Assume that if funds are withdrawn before the CD matures, the early withdrawal fee is 3 months' interest. What is the early withdrawal fee on this account?

Answers

Answer 1

Answer:

  $3.75

Step-by-step explanation:

I = Prt

I = $500·0.03·(3/12) = $3.75

The early-withdrawal fee is $3.75 for the first quarter.

_____

Each quarter after that, the principal amount will be larger, so the interest penalty will be larger. The fee would be the amount of interest that would be credited at the end of the next quarter, or at the end of the quarter currently in progress.


Related Questions

You invest $2,000 in an account that is compounded annually at an interest rate of 5%. You never withdraw money fro
the account. Which equation below gives the amount of money you will have in the account after tyears?
Al = 2,000 20.05
Al = 2,000(1.5)
A10 = 2,000(105)
A1 = 2.000 e5

Answers

Answer:

[tex]A(t) = 2,000(1.05)^{t}[/tex]

Step-by-step explanation:

The compound interest formula is given by:

[tex]A(t) = P(1 + \frac{r}{n})^{nt}[/tex]

Where A(t) is the amount of money after t years, P is the principal(the initial sum of money), r is the interest rate(as a decimal value), n is the number of times that interest is compounded per year and t is the time in years for which the money is invested or borrowed.

You invest $2,000

This means that [tex]P = 2,000[/tex]

Compounded anually

Once a year, so [tex]n = 1[/tex]

Interest rate of 5%.

This means that [tex]r = 0.05[/tex]

Amount after t years:

[tex]A(t) = P(1 + \frac{r}{n})^{nt}[/tex]

[tex]A(t) = 2,000(1 + \frac{0.05}{1})^{t}[/tex]

[tex]A(t) = 2,000(1.05)^{t}[/tex]

Labrador Retriever weighs 48 kg after a diet and exercise program the dog weighs 43 kilograms to determine if this shows a percent increase or decrease and explain why what is the percent change of its weight a 10% B 11% C 110% D 111% please help.​

Answers

Answer:

percentage change in weight ≈ 10%

Step-by-step explanation:

The dog weighed 48 kg after a diet and after an exercise program the dog had a weight of 43 kg. This means the dog loss weight since the dog weight decreased from an initial value of 48 kg to 43 kg. The decrease in weight can be calculate as

decrease in weight = original weight - new weight

original weight  = 48 kg

new weight = 43 kg

decrease in weight = 48 - 43 = 5 kg

Since the weight decrease their will be a percentage decrease in weight.

% decrease = decrease in weight/original weight × 100

% decrease = 5/48 × 100

% decrease = 500/48

% decrease = 10. 42666666667

percentage change in weight ≈ 10%

A club is choosing 2 members to serve on a committee. The club has nominated 2 women and 4 men. Based on chance alone, what is the probability that one woman and one man will be chosen to be on the committee

Answers

Answer:

53.33% probability that one woman and one man will be chosen to be on the committee

Step-by-step explanation:

A probability is the number of desired outcomes divided by the number of total outcomes.

The order in which the members are chosen is not important, so we use the combinations formula to solve this question.

Combinations formula:

[tex]C_{n,x}[/tex] is the number of different combinations of x objects from a set of n elements, given by the following formula.

[tex]C_{n,x} = \frac{n!}{x!(n-x)!}[/tex]

What is the probability that one woman and one man will be chosen to be on the committee?

Desired outcomes:

One woman, from a set of 2, and one man, from a set of 4. So

[tex]D = C_{2,1}*C_{4,1} = \frac{2!}{1!1!}*\frac{4!}{1!3!} = 8[/tex]

Total outcomes:

Two members from a set of 2 + 4 = 6. So

[tex]T = C_{6,2} = \frac{6!}{2!4!} = 15[/tex]

Probability:

[tex]p = \frac{D}{T} = \frac{8}{15} = 0.5333[/tex]

53.33% probability that one woman and one man will be chosen to be on the committee

What is the value of ¡97 - i?

Answers

Answer:

This is the answer

Step-by-step explanation:

How many 3-letter codes can be formed if the second letter must be a vowel (a, e, i, o, u)?

Answers

Answer:

3,380 combinations

Step-by-step explanation:

26*5*26= 3,380

Answer:

3380

Step-by-step explanation:

Since there are 26 letters, it would be

26*5*26

This is 3380

Use the table of values to find the line of regression and if justified at the 0.05 significance level, use it to find the predicted quality score of a TV set with a price of $1900. If the data does not suggest linear correlation, then use the average quality score as a prediction.
Price: 2,300, 1,800, 2,500, 2,700, 2,000, 1,700, 1,500, 2,700
Quality Score: 74, 73, 70, 66, 63, 62, 52, 68

Answers

Answer:

Step-by-step explanation:

no          x                y                   xy                               x²

1           2300         74             170200                      5290000

2          1800          73             131400                      3240000

3          2500         70             175000                     6250000

4          2700         66             178200                     7290000

5          2000         63             126000                     4000000

6          1700          62             105400                     2890000

7           1500         52              78000                      2250000

8           2700        68              183600                    7290000

Total   17200         528           1147800                   38500000

Mean of x is

[tex]\bar x = \frac{17200}{8} =2150[/tex]

Mean of y is

[tex]\bar y = \frac{528}{8} =66[/tex]

From the table above

we find [tex]\hat B_1[/tex]

[tex]\hat B_1=\frac{\sum xy- \bar x \sum y}{\sum x^2- n \barx^2} \\\\=\frac{1147800-2150(528)}{38500000-8(2150)^2} \\\\=\frac{1147800-1135200}{38500000-36980000} \\\\=\frac{12600}{1520000} \\\\=0.008289[/tex]

so [tex]\hat b_0[/tex] is

[tex]\hat b_0=\bar y-\bar B_1 x\\\\=66-0.008289(2150)\\\\=66-17.82135\\\\=48.17865[/tex]

The line of regression is

The price x is 1900

[tex]\hat y =\hat B_0+\hat B_1x\\\\=48.17865+0.008289\times1900\\\\=48.17865+15.7491\\\\=63.928[/tex]

The line of regression is 63.928

Answer:

y=48.2+0.00829x;64

Step-by-step explanation:

2x + 3=-7?what is this even mean

Answers

Answer:

2 times some thing and plus 3 equals -7

Step-by-step explanation:

x = -5

Simplify -|-5 + 2|. this is all of the question

Answers

Answer:

-3

Step-by-step explanation:

-(absolute value of -3)

-(3)

-3

The answer is negative 3 , Hope this helps n

A jury pool has 15 men and 21 women, from which 12 jurors will be selected. Assuming that each person is equally likely to be chosen and that the jury is selected at random, find the probability that the jury consists of:_____
(a) all men
(b) all women
(c) 8 men and 4 women
(d) 6 men and 6 women
Give all answers accurate to four decimal places.

Answers

Answer:

(a) all men = 3.6351 * 10^ -7

(b) all women = 2.3483* 10^ -4

(c) 8 men and 4 women = 0.0308

(d) 6 men and 6 women= 0.2170

Step-by-step explanation:

A jury pool has 15 men and 21 women, from which 12 jurors will be selected.

Total = 36 people

Probability of

(a) all men

= 15C12/36C12

= 455/1251677700

= 3.6351 * 10^ -7

(b) all women

= 21C12/36C12

= 293930/1251677700

= 2.3483* 10^ -4

(c) 8 men and 4 women

=( 15C8 * 21C4)/36C12

= (6435*5985)/1251677700

= 38513475/1251677700

= 0.0308

(d) 6 men and 6 women

= (15C6 * 21C6)/(36C12)

= (5005*54264)/1251677700

= 271591320/1251677700

= 0.2170

A group of 8 friends (5 girls and 3 boys) plans to watch a movie, but they have only 5 tickets. If they randomly decide who
what is the probability that there are at least 3 girls in the group that watch the movle?

Answers

Answer:

53.57%

Step-by-step explanation:

We have to calculate first the specific number of events that interest us, if at least 3 are girls, they mean that 2 are boys, therefore we must find the combinations of 3 girls of 5 and 2 boys of 3, and multiply that, so :

# of ways to succeed = 5C3 * 3C2 = 5! / (3! * (5-3)!) * 3! / (2! * (3-2)!)

 = 10 * 3 = 30

That is, there are 30 favorable cases, now we must calculate the total number of options, which would be the combination of 5 people from the group of 8.

# of random groups of 5 = 8C5 = 8! / (5! * (8-5)!) = 56

That is to say, in total there are 56 ways, the probability would be the quotient of these two numbers like this:

P (3 girls and 2 boys) = 30/56 = 0.5357

Which means that the probability is 53.57%

Answer:

Actually, the correct answer for plato users is option D

Step-by-step explanation:

D.  0.821

Question
Find the equation of a line perpendicular to y
4x that contains the point (-3,-4).

Answers

Answer:

y=-1/4x -1

Step-by-step explanation:

y-y1 = -1/4(x1-x)

y-(-4) = -1/4(x-(-3)

y+4 = -1/4x +3

y=-1/4x-1

In the arcade game Skee Ball, players roll a ball up a ramp and receive 10 to 50 points based on where the ball lands. Players will attempt to aim the ball to receive higher scores, which are more difficult to achieve based on size and location. However, if a ball is rolled randomly up the ramp, the probabilities of the ball landing in different scoring areas are not equal. Assume the following probabilities for each possible score:

Score 10 Points 20 Points 30 Points 40 Points 50 Points
Probability 0.50 0.25 0.15 0.07 0.03

Assume that a player rolls three balls at random.

Required:
a. What is the probability of a total score of at least 100 points?
b. If the first ball scores 30 points, what is the probability of a total score of at least 100 points?
c. Are the events "the first ball scores 30" and the "total score is at least 100" independent? Why or why not??
d. What is the expected total score? What is the variance of the score on one roll?

Answers

Answer:

Step-by-step explanation:

a) sum of 100 can be achieved from following set of score

10,40,50. This score can be achieved in 3! ways

20,30,50. This score can be achieved in 3! ways

20,40,40. This score can be achieved in 4 ways

30,30,40. This score can be achieved in 4 ways

So,

P(score of 100)=

How do you solve this?

Answers

Answer:

.75 teaspoons per ounce

Step-by-step explanation:

Take the number of teaspoons and divide by the number of ounces

10.5 / 14

.75 teaspoons per ounce

If 4000 hours= 240,000 minutes and you make a 10 minute video, how many people will need to view the video to get 4000 hours of view time?

Answers

Answer:

24000

Step-by-step explanation:

because 24000 * 10 =240000

Gia is painting her wall. 1 liter of paint can cover 10 square metres. She has a rectangular wall that measures 4 metres by 5 meters. How many liters of paint will Gia need to cover her wall?

Answers

Answer:

2 liters of paint.

Step-by-step explanation:

First we nned to know to total area of the wall by using the formula A = lw

A = 4*5 = 20m²

then we given 1 liter cover 10 m², 20 m² = 2 liters of paint.

Hallie can use the equation p = 4l + 4w + 4h to determine the sum of the lengths of the edges of a rectangular prism. She begins to solve the equation for h but runs out of time. Her partial work is shown below:
p = 4l + 4w + 4h

= l + w + h
h = –
Which expression should follow the subtraction in Hallie’s equation?

Answers

Answer:

h = p - l - w

Step-by-step explanation:

p = 4l + 4w + 4h       Divide l, w, and h by 4

p = l + w + h              Set the equation equal to h

h = p - l - w

Answer:

A just did it on edge<3

The mean of three numbers is 4
Two of the numbers are 1, 9
What is the missing number?

Answers

Answer:2

Step-by-step explanation: 9+1+2=12

12\3=4

ANSWER : 2

Answer is 2

(9+1+x)/3=4
(10+x)/3=4
10+x= 3*4
x= 12 -10
x= 2

How do u solve this?

Answers

Answer:

0

Step-by-step explanation:

Tuesday : -1/2

Wednesday + 3/4

Thursday : -3/8

Add them together

-1/2 + 3/4- 3/8

Get a common denominator

-4/8 + 6/8 - 3/8

-1/8

The closest integer value to -1/8 is 0


7. Tyson obtained a loan from the bank at 7.5% simple interest for 2. 5 years. If the simple interest was
N$347.50, how much did he borrow?



8. Hilma invested N$20 000 on 01/01/2018 at 9.5 % interest p.a compounded semi-annually.
How much will she receive by 01/01/2022?

Answers

Answer:

7.He borrowed $1853.33

8.She received $28990.936

Step-by-step explanation:

7.Let x be the amount borrowed by Tyson

Rate of interest = 7.5%

Time = 2.5 years

Simple Interest = 347.50

Formula : [tex]Si = \frac{P \times T \times R}{100}[/tex]

Where SI = simple interest

P = Principal

T = Time

R = Rate of interest

Substitute the values in the formula :

[tex]347.50=\frac{x \times 2.5 \times 7.5}{100}\\\frac{347.50 \times 100}{2.5 \times 7.5}=x\\1853.33=x[/tex]

Hence he borrowed $1853.33

8) Principal = 20000

Rate of interest = 9.5%

No. of compounds per year = 2

Time = 4 years

Formula : [tex]A=P(1+\frac{r}{n})z^{nt}[/tex]

Where A= amount

r = Rate of interest

n = no. of compounds

t = time

Substitute the values in the formula :

So, [tex]A=20000(1+\frac{9.5}{200})^{2(4)}[/tex]

A=28990.936

Hence she received $28990.936

A(x) = -0.015x^3+1.05xA ( x ) = − 0.015 x 3 + 1.05 x gives the alcohol level in an average person's blood x hrs after drinking 8 oz of 100-proof whiskey. If the level exceeds 1.5 units, a person is legally drunk.



Would an average person be legally drunk after 4 hours?

Answers

Answer:

Yes

Step-by-step explanation:

the function that gives the alcohol level is:

[tex]A ( x ) = - 0.015 x^3 + 1.05 x[/tex]

where x is the number of hours.

we need to know if after 4 hours an average person is legally drunk, thus:

[tex]x=4[/tex]

and we substitute this in the function:

[tex]A ( 4 ) = - 0.015 (4)^ 3 + 1.05(4)[/tex]

solving these operations we obtain:

[tex]A(4)=-0.015(64)+4.2\\A(4)=-0.96+4.2[/tex]

[tex]A(4)=3.24[/tex]

the alcohol level after 4 hours is 3.24.

Since a person is considered to be legally drunk if the level exceeds 1.5, and we obtained 3.24 which is greater than 1.5, a person who has been drinking for 4 hours under the conditions indicated by the problem would be considered legally drunk.

I WILL GIVE BRAINLIEST PLEASE ANSWER ASAP!!!
If the measure of angle 2 is (5 x + 14) degrees and angle 3 is (7 x minus 14) degrees, what is the measure of angle 1 in degrees?

2 lines intersect to form 4 angles. From top left, clockwise, the angles are 1, 2, 3, 4.
88 degrees
89 degrees
90 degrees
91 degrees

Answers

Answer:

<1 = 91

Step-by-step explanation:

<2 + <3 = 180

5 x + 14 +  (7 x -14) = 180

Combine like terms

12x = 180

Divide by 12

12x/12 = 180/12

x =15

We want <1

<1 = <3 since they are vertical angle

<1 = 7x-14 = 7*15 -14 =105-14=91

Answer:

D, 91 degrees

Step-by-step explanation:

First, solve for x. Angles 2 and 3 add up to 180, so set up an equation:

(5x + 14) + (7x - 14) = 180

12x = 180

x = 15

Then, you know angles 1 and 2 also add up to 180, so solve for Angle 2

5(15) + 14= 89

180-89= 91, so angle 1 is 91 degrees.

Nam owns a used car lot. He checked the odometers of the cars and recorded how far they had driven. He then created both a histogram and a box plot to display this same data (both diagrams are shown below). Which display can be used to find how many vehicles had driven more than 200{,}000\,\text{km}200,000km200, comma, 000, start text, k, m, end text (kilometers)? Choose 1 answer: Choose 1 answer: (Choice A) A The histogram (Choice B) B The box plot Which display can be used to find that the median distance was approximately 140{,}000\,\text{km}140,000km140, comma, 000, start text, k, m, end text? Choose 1 answer: Choose 1 answer: (Choice A) A The histogram (Choice B) B The box plot

Answers

Answer:

(a) The correct option is (A).

(b) The correct option is (B).

Step-by-step explanation:

Nam collected the data for the distance traveled by all the cars in his car lot.

(a)

A histogram is a bar graph representing the distribution of a random variable. The height of the bars of the histogram represents the frequency for a specific interval.

If Nam wants to know how many vehicles had driven more than 200,000 km, the histogram would be the best display of this data. This is because the histogram shows the frequency for various interval values.

The correct option is (A).

(b)

A boxplot, also known as a box and whisker plot is a method to demonstrate the distribution of a data-set based on the following 5 number summary,

Minimum (shown at the bottom of the chart) First Quartile (shown by the bottom line of the box) Median (or the second quartile) (shown as a line in the center of the box) Third Quartile (shown by the top line of the box) Maximum (shown at the top of the chart).

So, if Nam wants to find whether the median distance was approximately 140,000 km, a box plot would be a better choice. This is because the box plot represents the median of the data by a line within the box.

The correct option is (B).

Answer: For the first one is A second one is B

Step-by-step explanation: I took the khan test. UwU♡

Find the area of the circle. Use pialmost equals 3.14. Radius equals19 yd

Answers

the correct answer is 1,133.54 us

Which ratio is less than StartFraction 7 Over 15 EndFraction? StartFraction 9 Over 15 EndFraction Two-fifths Three-fifths StartFraction 24 Over 45 EndFraction

Answers

Answer:

2/5

Step-by-step explanation:

First you want to find the least common denominator, which in this case would be 15. If you multiply 2/5 by 3, you get 6/15 which is less than 7/15

Answer:

2/5

Step-by-step explanation:

write the equation of the line that is parallel to 2x-y=15 and passes through the point (3,7)​

Answers

Answer:

work is shown and pictured

Pamela is a college student. She pays tuition every semester and rent every month, and she uses cash daily for food. The expression 2x+12y+365z represents her yearly expenses. Which variable represents her rent?

Answers

Answer:

Variable y represent the rent of Pamela

Step-by-step explanation:

Given

Pamela pays tuition every semester and rent every month, and she uses cash daily for food.

lets understand what constitute semester ,  month and day in a year.

A semester consist of 6 months.

As a year has 12 months , a year will have 2 semester.

If one pays  x for one semester then in a year one has to pay 2x .

As a year has two semester

Similarly

A year has 12 months .

If one pays  y for one month then in a year one has to pay 12y .

As a A year has 12 months .

A year has 365 days

If one pays  z for each month then in a year one has to pay 365z .

As a A year has 365 days.

__________________________________________

Based on above discussion , we can now safely assume that the we have to look at the coefficient of  expression 2x+12y+365z to find the which variable represent which type of bill.

As we have to find variable for rent and rent is paid monthly.

so for a year total bill will have 12 months and hence going by expression variable y represent the rent of Pamela.

Will pick brainliest! Please help with the attached file!

Answers

Answer:

25 degrees

Step-by-step explanation:

The value of an exterior angle is the difference between the two arcs that it forms divide by two. Therefore:

[tex]x+10=\dfrac{146-(6x+6)}{2}[/tex]

Multiply both sides by 2:

[tex]2x+20=146-6x-6[/tex]

Move all of the x's to one side:

[tex]8x+20=146-6[/tex]

Combine all of the constants on the other side:

[tex]8x=120[/tex]

Divide both sides by 8:

[tex]x=15[/tex]

Therefore, ECB=x+10=15+10=25 degrees.

Hope this helps!

A water cooler holds 15 liters of sports drink. Approximately how many gallons is this

Answers

The correct Anwser it is about 4 gallons because in 1 gallon tgere is 3.75 liters

Please help me with this question!!

Answers

Answer:

  IV

Step-by-step explanation:

Cosine is positive in quadrants I and IV.

Cosecant (also sine) is negative in quadrants III and IV.

The quadrant where cos > 0 and csc < 0 is quadrant IV.

Find the probability that in 200 tosses of a fair die, we will obtain at most 30 fives

Answers

Answer:

0.2946

Step-by-step explanation:

Number of tosses, n = 200

P(obtaining a 5), p = 1/6

q = 1 - p = 5/6

Normal approximation for binomial distribution

P(X < A) = P(Z < (A - mean)/standard deviation)

Mean = np

= 200 x 1/6

= 33.33

Standard deviation = √npq

= √(200(1/6)(5/6) )

= 5.27

P(at most 30 fives) = P(X ≤ 30)

= P(Z < (30.5 - 33.33)/5.27) (continuity correction of 0.5 is added to 30)

= P(Z < -0.54)

= 0.2946

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