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lesantik [10]
2 years ago
8

Orlando invested $16,000 in an eight-year CD bearing 6.5% simple annual interest, but needed to withdraw $3,500 after five years

. If the CD’s penalty for early withdrawal was one year’s worth of interest on the amount withdrawn, when the CD reached maturity, how much less money did Orlando earn total than if he had not made his early withdrawal?
Mathematics
2 answers:
Alexxx [7]2 years ago
7 0

Answer:

The correct answer is C. $910.

Step-by-step explanation:


zhenek [66]2 years ago
5 0
If Orlando did not make the early withdrawal, the amount of money he supposed to have is,
                               F = $16,000 + 0.065($16,000)(8) = $24,320
While making the early withdrawal only earned him,
       F1 = (16,000) + (0.065)($16,000)(8) - $3,500 - ($3,500)(0.065) = $20,592.5
The difference of two amounts are $3727.5. 
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Bernard’s walking speed is 8.4 kilometers per hour

Step-by-step explanation:

The pace length P is the distance between the rear of two consecutive footprints

The formula, n P = 140, gives an approximate relationship between n and P where,

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∴ His walking speed =  \frac{140}{1000} × \frac{60}{1} = 8.4 km/h

Bernard’s walking speed is 8.4 kilometers per hour

Learn more:

You can learn more about the speed in brainly.com/question/5461619

#LearnwithBrainly

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