Thomas wants to buy a CD for $500 that earns 3% APR and is compounded
quarterly. The CD matures in 3 years and the early redemption fee is 3
months' interest. If Thomas were to take his money out 3 months before the
CD matures, how much money would he get back, after the early redemption
fee?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Thomas wants to buy a CD for $500 that earns 3% APR and is compounded quarterly. The CD matures in 3 years and the early redemption fee is ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
A patient receives 24 mg of medicine 3 times a day. If the patient takes all of the medicine for 7 days, how many milligrams of medicine will the patient take?
Answers (2)
Suppose that dP/dt = 0.19P (t) represents a mathematical model for the growth of a certain cell culture, where P (t) is the size of the culture (measured in millions of cells) at time t > 0 (measured in hours).
Answers (1)
The expression - 5+20 factored is
Answers (2)
Solve for y: 12 = y^2 + y
Answers (1)
How do i get 5x12-16+12
Answers (1)
New Questions in Mathematics
Find an equation using absolute value that has the given solutions, a. two solutions, 22 and 22 b. two solutions, - 51 and 5 c. two solutions, - 9 and 39 d. one solution, 18
Answers (1)
An object is launched from a platform. It's height is meters is modeled by: h (x) = - 5 (x+1) (x-9) where x represents the time in schools after the launch. How many seconds after launch will the object hit the ground
Answers (1)
Each of the p children at a park receive 3 balloons. If the children receive at least 150 balloons in all, find the minimum number of children at the park.
Answers (1)
1. z^2 = 1 √{ } = √{ } z = ± { } The solutions are { } and { }
Answers (1)
What is the rate for 171 And 3
Answers (2)