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 Assume that if funds are withdrawn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:

brainly.com/question/26164549

#SPJ7


Related Questions

The average annual cost (including tuition, room, board, books and fees) to attend a public college takes nearly a third of the annual income of a typical family with college-age children (Money, April 2012). At private colleges, the average annual cost is equal to about 60% of the typical family's income. The following random samples show the annual cost of attending private and public colleges. Data are in thousands of dollars.

Private Colleges
52.8 30.6 43.2 45.8 33.3
33.3 50.5 44.0 42.0 37.8

Public Colleges
20.3 22.8 28.2 18.5 15.6 25.6
24.1 14.4 28.5 21.8 22.0 25.8

Required:
a. Compute the sample mean and sample standard deviation for private and public colleges.
b. What is the point estimate of the difference between the two population means?
c. Develop a 95% confidence interval of the difference between the annual cost of attending private and pubic colleges.

Answers

Answer:

(a)

[tex]\bar x_1 =41.33[/tex]     [tex]\sigma_1 = 7.48[/tex]

[tex]\bar x_2 =22.3[/tex]       [tex]\sigma_2 = 4.53[/tex]

(b)

[tex]d = 19.03[/tex]

(c)

[tex]CI = 16.33[/tex] to [tex]21.73[/tex]

Step-by-step explanation:

Given

[tex]n_1 = 10\\ n_2 = 12[/tex]

And the accompanying data for private (1) and public (2) colleges

Solving (a): The sample mean and sample standard deviations

Private College

Calculating sample mean

This is calculated as:

[tex]\bar x_i = \frac{\sum x_i}{n_i}[/tex]

[tex]\bar x_1 =\frac{52.8+30.6+43.2 +45.8 +33.3+33.3 +50.5 +44.0 +42.0 +37.8}{10}[/tex]

[tex]\bar x_1 =\frac{413.3}{10}[/tex]

[tex]\bar x_1 =41.33[/tex]

Calculating sample standard deviation

This is calculated as:

[tex]\sigma_i = \sqrt\frac{\sum(x_i - \bar x_i)}{n_i-1}[/tex]

[tex]\sigma_1 = \sqrt\frac{(52.8-41.33)^2+(30.6-41.33)^2+.........+(37.8-41.33)^2}{10-1}[/tex]

[tex]\sigma_1 = \sqrt\frac{503.261}{9}[/tex]

[tex]\sigma_1 = \sqrt{55.9178888889[/tex]

[tex]\sigma_1 = 7.4778264816[/tex]

[tex]\sigma_1 = 7.48[/tex] -- approximated

Public College

Calculating sample mean

[tex]\bar x_2 =\frac{20.3 +22.8 +28.2 +18.5 +15.6 +25.6+ 24.1 +14.4 +28.5 +21.8 +22.0 +25.8}{12}[/tex]

[tex]\bar x_2 =\frac{267.6}{12}[/tex]

[tex]\bar x_2 =22.3[/tex]

Calculating sample standard deviation

[tex]\sigma_2 = \sqrt\frac{(20.3 -22.3)^2+(22.8 -22.3)^2+(28.2 -22.3)^2+(18.5 -22.3)^2+(15.6 -22.3)^2+................+(25.8-22.3)^2}{12-1}[/tex][tex]\sigma_2 = \sqrt\frac{225.96}{11}[/tex]

[tex]\sigma_2 = \sqrt{20.5418181818[/tex]

[tex]\sigma_2 = 4.532308262[/tex]

[tex]\sigma_2 = 4.53[/tex] -- approximated

Solving (b): Point estimate of the difference between the two population means

This is calculated as:

[tex]d = \bar x_1 - \bar x_2[/tex]

[tex]d = 41.33 - 22.3[/tex]

[tex]d = 19.03[/tex]

Solving (c): 95% confidence interval

First, calculate the degrees of freedom:

[tex]df = \frac{(\sigma_1^2/n_1 + \sigma_2^2/n_2)^2}{\frac{(\sigma_1^2/n_1)^2}{n_1 - 1} + \frac{(\sigma_2^2/n_2)^2}{n_2 - 1}}[/tex]

[tex]df = \frac{(7.48^2/10 + 4.53^2/12)^2}{\frac{(7.48^2/10)^2}{10 - 1} + \frac{(4.53^2/12)^2}{12 - 1}}[/tex]

[tex]df = \frac{53.3647}{31.3045/9 + 2.9244/11}[/tex]

[tex]df = \frac{53.3647}{3.7441}[/tex]

[tex]df = 14.2530[/tex]

[tex]df = 14[/tex]

Calculate the critical value (t)

At 95% confidence interval and df = 14;

[tex]df = 14[/tex]

The confidence interval is then calculated as:

[tex]CI = (\bar x_1 - \bar x_2) \± \sqrt{\sigma_1^2/n_1 + \sigma_2^2/n_2}[/tex]

[tex]CI = (41.33 - 22.3) \± \sqrt{7.48^2/10 + 4.53^2/12}[/tex]

[tex]CI = 19.03 \± \sqrt{7.305115[/tex]

[tex]CI = 19.03 \± 2.70[/tex]

Split

[tex]CI = 19.03 - 2.70[/tex] to [tex]19.03 + 2.70[/tex]

[tex]CI = 16.33[/tex] to [tex]21.73[/tex]

This implies that:

Private colleges have population mean annual cost of $16.33 to $21.73 more expensive than public colleges

Hailey made the following statement: "It is impossible t o build a rectangular prism with a volume of 40 units 3 if one side measures 5 units." Key represents 1 cubic unit Select the two figures below that prove Hailey's statement is false.​

Answers

Answer:

D

Step-by-step explanation:

Answer: B and C / the second one and the third one

Sorry if you already had to submit or answer this :(

The International Coffee Association has reported the mean daily coffee consumption for U.S. residents as 1.65 cups. Assume that a sample of 38 people from a North Carolina city consumed a mean of 1.84 cups of coffee per day, with a standard deviation of 0.85 cups. In a two-tail test at the 0.05 level, could the residents of this city be said to be significantly different from their counterparts across the nation?

Answers

Answer:

The calculated value  t = 1.3788 < 2.0262 at 0.05 level of significance

the null hypothesis is accepted

There  is no significant difference between  their counterparts across the nation

Step-by-step explanation:

Step(i):-

Given that the mean of the U.S residents  = 1.65

Given that the size of the sample 'n' = 38

Mean of the sample = 1.84

Given that the standard deviation of the sample (S) = 0.85

Step(ii):-

Null hypothesis:H₀:

There  is no significant difference between  their counterparts across the nation

Alternative Hypothesis:-H₁:

There  is  a significant difference between  their counterparts across the nation

Test statistic

                [tex]t = \frac{x^{-} -mean}{\frac{S}{\sqrt{n} } }[/tex]

               [tex]t = \frac{1.84-1.65}{\frac{0.85}{\sqrt{38} } }[/tex]

              t =  1.3788

Degrees of freedom

                ν = n-1  = 38-1 = 37

t₀.₀₅ ,₃₇ =    2.0262

The calculated value  t = 1.3788 < 2.0262 at 0.05 level of significance

Null hypothesis is accepted

Final answer:-

There  is no significant difference between  their counterparts across the nation.

Solve for X and Y
20x 25x 7x 5y 20x

Answers

9514 1404 393

Answer:

  (x, y) = (5, 9)

Step-by-step explanation:

We must find the value of x before we can find the value of y. Fortunately, simply adding the arcs around the circle will give an equation for x.

  25x +20x +7x +20x = 360 . . . . angles in degrees

  72x = 360 . . . simplify

  x = 5 . . . . . . divide by 72

__

The value of the external angle at J is half the difference of arcs GL and HK. That is, ...

  5y = (25x -7x)/2 = 9x = 9(5) . . . . simplify, fill in for x

  y = 9 . . . . . . divide by 5

__

  (x, y) = (5, 9)

Please help me answer this question

Answers

Answer: The answer is "tween".

Step-by-step explanation: One of the first usages of the term "tweens" was in the late 1990s referring to children who are in the liminal space between childhood and adolescence. In other words, these children are in a state of “in between.” The culture of tweens originally emerged as a marketing niche directed at preteen girls.

which is most likely the next step in the series?​

Answers

Answer: the correct answer is a

Step-by-step explanation:

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 length of the third side. If necessary, round to the nearest tenth.

Answers

Answer:

must be 14

Step-by-step explanation:

4250cm ........... m?​

Answers

Answer:42.5

Step-by-step explanation:

4250cm = 42,5m

The answer is: 42,5

Which is the best example of an explicit statement from Thoughts and Sentiments that shows Cugoano's beliefs about slavery?
A. “However, notwithstanding all that has been done and written against it, that brutish barbarity, and unparalelled injustice, is still carried on to a very great extent in the colonies, and with an avidity as insidious, cruel and oppressive as ever.”
B. “However, it cannot but be very discouraging to a man of my complexion in such an attempt as this, to meet with the evil aspersions of some men, who say, ‘That an African is not entitled to any competent degree of knowledge, or capable of imbibing any sentiments of probity; and that nature designed him for some inferior link in the chain, fitted only to be a slave.’”
C. “By some of such complexion, as whether black or white it matters not, I was early snatched away from my native country, with about eighteen or twenty more boys and girls, as we were playing in a field.”
D. “But the supporters and favourers of slavery make other things a pretence and an excuse in their own defence; such as, that they find that it was admitted under the Divine institution by Moses, as well as the long continued practice of different nations for ages; and that the Africans are peculiarly marked out by some signal prediction in nature and complexion for that purpose.”

Answers

Answer:

A. “However, notwithstanding all that has been done and written against it, that brutish barbarity, and unparalelled injustice, is still carried on to a very great extent in the colonies, and with an avidity as insidious, cruel and oppressive as ever.”

Explanation:

Ottobah Cugoano's "Thoughts and Sentiments on the Evil of Slavery" provides a personal take on the issue of slavery and how evil of a practice it is for African Americans. At the same time, he also asserted that slaves had the right to rebel against their masters for the treatment they were put under.

One explicit statement that reveals the author's beliefs about the slavery system is "However, notwithstanding all that has been done and written against it, that brutish barbarity, and unparalelled injustice, is still carried on to a very great extent in the colonies, and with an avidity as insidious, cruel and oppressive as ever." Through these lines, Cugoano labels slavery as "brutish barbarity, and an unparallelled injustice ... insidious, cruel and oppressive..."

Thus, the correct answer is option A.

Exercise 12.1.1: Coin flips and events. About A coin is flipped four times. For each of the events described below, express the event as a set in roster notation. Each outcome is written as a string of length 4 from {H, T}, such as HHTH. Assuming the coin is a fair coin, give the probability of each event. (a) The first and last flips come up heads. (b) There are at least two consecutive flips that come up heads. (c) The first flip comes up tails and there are at least two consecutive flips that come up heads.

Answers

Answer:

a [tex]Pr = 0.25[/tex]

b [tex]Pr = 0.50[/tex]

c [tex]Pr = 0.1875[/tex]

Step-by-step explanation:

Given

[tex]n = 4[/tex] --- number of times

[tex]r = 2[/tex] --- faces of a coin

First, is to determine the sample size.

This is calculated as:

[tex]Size =r^n[/tex]

[tex]Size =2^4[/tex]

[tex]Size =16[/tex]

Solving (a): First and last slip is head

This event is represented as:

[tex]E=\{HHHH, HHTH, HTHH, HTTH\}[/tex]

The probability is calculated as:

[tex]Pr = \frac{n(E)}{Size}[/tex]

[tex]Pr = \frac{4}{16}[/tex]

[tex]Pr = 0.25[/tex]

b) At least 2 consecutive flips that is heads.

This event is represented as:

[tex]E=\{HHHH,HHHT,HHTH,HHTT,THHH,THHT,HTHH,TTHH\}[/tex]

The probability is calculated as:

[tex]Pr = \frac{n(E)}{Size}[/tex]

[tex]Pr = \frac{8}{16}[/tex]

[tex]Pr = 0.50[/tex]

 

c) First is tail and at least 2 consecutive flips is head.

This event is represented as:

[tex]E=\{THHH,THHT,TTHH\}[/tex]

The probability is calculated as:

[tex]Pr = \frac{n(E)}{Size}[/tex]

[tex]Pr = \frac{3}{16}[/tex]

[tex]Pr = 0.1875[/tex]  

I need help I will give you brainless

Answers

Answer:

what are u trying to find, what they each are?

Step-by-step explanation:

Answer:

circle =4

triangle = 2

square = 3

Step-by-step explanation:

circle= c

triangle = t

square = s

2c+t+s =13

  t+s = 5

nultiply the second by -1 and add both

   2c +t +s = 13

          -t-s = -5

      2c= 8

c= 4   CIRCLE = 4

3t +4 = 10

3t  = 6

t= 2    TRIANGLE = 2

s+2=5

s=3   SQUARE = 3

During a fundraiser, students in Math Club make a $0.50 profit for every candy bar they sell. Let n represent the number of candy bars the club sells. Let t represent the total profit earned, in dollars. What is the total profit earned for selling 10 candy bars?

Answers

Answer:

$5

Step-by-step explanation:

If every candy bar is $0.50 and they sell 10 just do

0.50 x 10 = 5

I really need the answer with explanation

Answers

Answer:

A = 22 and B = 35

Step-by-step explanation:

The proportional value of x and y is simply

x times 3 1/2 = y

if z=14 and x=83 , then what is the value of y?

Answers

Answer:

y = 152

Step-by-step explanation:

The chord- chord angle x is half the sum of the arcs intercepted by the angle and its vertical angle, that is

[tex]\frac{1}{2}[/tex] (y + z) = 83 ( multiply both sides by 2 to clear the fraction )

y + z = 166

y + 14 = 166 ( subtract 14 from both sides )

y = 152

hey can someone please help me i don’t understand this? the question says “find the surface area of the rectangular prism.”

Answers

Answer:

170 in^2

Step-by-step explanation:

you have to find the area of each surface of the square

1) the square on the right side:

5x5=25 in^2

there are 2 of these on opposite sides

2)the of the rectangle facing us;

6x5=30in^2  (5 because 5 is the height)

there are 4 of these

3)add up all the areas

25+25+30+30+30+30=170in^2

Professor Adeyemi is examining well-being after retirement in a city, and it is important to have excellent external validity. Professor Adeyemi selects two random numbers, 4 and 6, and gets a list of all of the retired people in the city. If Professor Adeyemi obtains the sample by starting with the 4th person on the list and selecting every 6th person, which of the following sampling techniques is most likely being used?

a. systematic sampling
b. stratified random sampling
c. quota sampling
d. cluster sampling

Answers

Answer:

A: systematic sampling

Step-by-step explanation:

The correct answer is systematic Sampling.

This is because, Systematic sampling is a method of sampling whereby the researchers choose members of a population at regular intervals e.g., when we select every 10th person on a particular list in the population.

And in this question, the professor starts with the 4th person on the list and selecting every 6th person. Thus, the answer is systematic Sampling.

A mirror has a parabolic surface defined by the equation y =StartFraction 1 Over 24 EndFraction x2 with the vertex (0, 0) at the center of the mirror. When the width of the mirror is 8 inches, what is the depth, y, of the mirror?

1/36 in.
1/6 in.
2/3 in.
2 2/3 in.

ITS C: 2/3 in.

Answers

Answer:

Step-by-step explanation:

Edge 2022

Answer:

c

Step-by-step explanation:

2/3 in

0,4+-0,7x(0,2- -0,6)÷0,2=​

Answers

The answer would be : -2,4

I need help I already failed the first attempt

Answers

Step-by-step explanation:

Hi,

y - 1 = 2 - x has a negative slope.

x + y = 0 has a negative slope.

y = 4x - 3 has a positive slope.

y = 1 has a 0 slope.

x = 10 has an undefined slope.

I hope this helps :)

To simply a rational expression I should

Answers

Answer:

Factorize, then divide the common factors.

Step-by-step explanation:

A rational expression is one that involves the division of two polynomials. The two polynomial having the same variable in each expression.

To simplify a rational expression, the first thing to do is to factorize each expression. This would ensure that there exist a common factor between the numerator and denominator.

Then you can divide by the common factor.

The remaining expressions in the quotient would have been reduced to their simplest form.

What is the relationship of the 4’s in the following numbers: 54,987 32,465

Answers

Answer:

The 4 in the number "32465" is 10 times less as the 4 in "54987"

Step-by-step explanation:

Write it out in expanded form 32465: "30000+2000+400+60+5" and 54987: "50000+4000+900+80+7" and 4000 in 54987 is 10 times greater than 400 in 32465.

What are the factors of x2 - 12x + 36?

Answers

Answer:

(x-6) (x-6) or (x-6)^2

Step-by-step explanation:

1.) Find factors of 36 that add up to 12

2.) 6 which makes this a perfect square

3.) you know to subtract because the middle term is negative and the third term is positive (two negatives make a positive)

richard can mow 2 of his neighbors lawns in 1.6 hours. He expresses this information as the ratio 2 lawns/1.6 hours. To find the number of lawns he mows each our, Richard can-
A-divide 2 by 1.6, resulting in 1.25
B- Multiply 1.6 by 2, resulting in 3.2
C- divide 1.6 by 2, resulting in 0.8
D- add 2 to 1.6, resulting in 3.6

Answers

Answer:

I think it's C.

1/6th of an hour would be 1:10 minutes. Also known as 70 minutes, so 70 divided by 2 equals 35.

Please please help!!!!!!!!

Answers

31/8 is the improper fraction
3 ⅞ = 31/8

Explication:
Multiply 3 with 8 to turn the 3 whole points into parts.
3 x 8 = 24
Add the 7 pieces you already have,
24 + 7 = 31

Put it over 8 then you have your answer.

Answer = 31/8


(Now you know how to do it!)

what is the volume for this figure please I will list brainliest I really need the answer​

Answers

Answer:

the answer is 708.75

Step-by-step explanation:

4. Which one of the following pairs of numbers contains like fractions?
A. 5/4 and 4/5
B.4/8 and 12/16
c. 6/7and 60/70
D.1/2 and 3/2

Answers

Answer:

6/7 and 60/70

Step-by-step explanation:

6 times 10 is 60

7 times 10 =70

[tex]\huge\red{\boxed{\tt{\colorbox{pink}{ANSWER:}}}}[/tex]

C. 6/7 and 60/70

6 × 10 = 60

7 × 10 = 70

꧁✰_______❀Edilyn❀_______✰꧂

#CarryOnLearning

#NoToCopyPaste

For brainly user:

Just please, idols ,if we are going to answer questions here on brainly, don't do the ones from the internet, then just copy and paste

You can search on the internet but make your own sentence okay? Thank you

4 × 1 + 3 × 1/10 + 9 x 1/1,000 in word form
Plsss 15 points :)

Answers

Answer:

four multipled by one plus three multiplied by one tenth plus 9 multiple by one one thousandth

i need help fast, thank you!!!

Answers

Answer:

D

Step-by-step explanation:

30 multiplied by 1.34 is 40.2

Which expression is the simplest form of 2(4x + y) + 3(x - 6y) + x2?
O A. x2 + 11x-17y
B. x2 + 11x – 4y
C. x2 + 9x- 17y
O D. x2 + 11x-16y

Answers

Answer:

x² + 11x-16y

Step-by-step explanation:

The given equation is :

[tex]2(4x + y) + 3(x - 6y) + x^2[/tex]

It can be simplified as follows :

[tex]2(4x + y) + 3(x - 6y) + x^2\\\\=2(4x)+2y+3x-3(6y)+x^2\\\\=8x+2y+3x-18y+x^2\\\\=11x-16y+x^2[/tex]

So, the correct option is (d) i.e. x² + 11x-16y.

Other Questions
solve: x+5 over 3+11= -1 The molecular weight (MW) of CuSO4 is 250g/mol. How many grams of CuSO4 are needed to make a 10 ml solution that has a molarity of 2.0 M? help!! pls i mark brainly answer 26. Maria reads 40 pages of her novel in 4 hours At that rate, how many pages would she read in 5 hours? find the measure of the missing angle, ill mark brainliest What is the y-coordinate of point G on the coordinate grid below? A.) 2B.) 3C.) 4D.) 2.5 Mhanifa please help me with this find the HCF of 750,630 and 18900 Chemistry question balance equations why aren't citizens interested in local politics create any two slogans to prevent global warming Find the missing side length, and enter your answer in the box below. Ifnecessary, round your answer to 2 decimal places.912 which of the q-values satisfy the following inequality? 6-3p1 PLEASE HELPP 2 of 10Choosing the higher education institution with the cheapest sticker pricemight be a bad idea becausesticker prices always have hidden costs which may increase the overall costscheaper schools usually will not allow you to apply for financial aidcheaper schools usually charge more for housing which is not a part of asticker pricemore expensive schools may be cheaper once the net cost has beendetermined (WILL GIVE BRAINLIEST) Find the total surface area of the figure shown. ANSWER CHOICES:319.30 yd^2284.60 yd^2249.60 yd^2270.30 yd^2 Segn el ministerio de salud en nmero de infectados por un virus tiene un crecimiento exponencial, segn el siguiente modelo matemtico N=2e^0,5t donde t es el nmero de das transcurridos desde que se detectaron los 2 primeros casos. Fiorella una estudiante del curso de comma al ver el modelo matemtico menciona que luego de 8 das el nmero de infectados sera 129, Jorge su compaero menciona que Fiorella est equivocada ya que el nmero de infectados es 109. A. Quin tiene la razn? B. Cul es el nmero de infectados en un mes? C. En que tiempo se estiman 10 000 infectados? Cami and Enrique's ages add up to 46. Cami is two years older than three times Enrique's age. How old are Cami and Enrique? name 4 parish in jamaica no spam answers!!!!!! what is the enthalpy for 2H2S(g) + 3O2(g) -> 2H2O(I) + 2SO2(g). (H) Hello! Please Help Me On This!