Adam invested $12,000 in a six-year cd that paid 7.1% interest, but later needed to withdraw $2,500 early. if the cd's penalty for early withdrawal was eighteen months' worth of interest on the amount withdrawn, how much of a penalty did adam pay? a. $138.89b. $177.50c. $266.25d. $319.50

C

Step-by-step explanation:

The amount Adam invested in a six years CD was $12,000 was 7.1%

Adam made a withdrawal of $2500 early. The early withdrawal was worth eighteen months of interest on the amount withdrawn.

Monthly interest = 7.1% / 12

= 0.59%

The interest for 18 months will be

(7.1% /12)18

= 10.65%

The penalty for withdrawing early was 18 months worth the interest on the amount withdrawn

= 2500 * 10.65%

= 266.25

This means Adam needs to pay a penalty of $266.25 for withdrawing early

1/4 and 8/3 because:

the reciprocal if 4 is 1/4 because 4 is used as 4/1 and the opposite of that is 1/4. the opposite of 3/8 is 8/3 so that is the answer.

function 2 has a greater rate of change than function 1

function 2 has a greater y-intercept than function 1

step-by-step explanation: