Tony invested $5,500 in a four-year cd that paid 4.8% interest, but later needed to withdraw $475 early. if the cd’s penalty for early withdrawal was three months’ worth of interest on the amount withdrawn, how much of a penalty did tony pay?   a. $5.70 b. $22.80 c. $60.30 d. $66.00  

Option A - $5.70

Step-by-step explanation:

Given : Tony invested $5,500 in a four-year CD that paid 4.8% interest, but later needed to withdraw $475 early. If the CD’s penalty for early withdrawal was three months’ worth of interest on the amount withdrawn.

To find : How much of a penalty did Tony pay?

Solution :

We find the interest on the penalty,

Amount withdraw = $475

Interest rate = 4.8%=0.048

Penalty Time = 3 months = 3/12 years

The amount of penalty is $5.70

Therefore, Option A is correct.

step-by-step explanation:

if x = 2 you have to find x to finish the problem

the most boring thing ever written

step-by-step explanation:

i am writing something. yes, i plan to make it the most boring thing ever written. i go to the store. a car is parked. many cars are parked or moving. some are blue. some are tan. they have windows. in the store, there are items for sale. these include such things as soap, detergent, magazines, and lettuce. you can enhance your life with these products. soap can be used for bathing, be it in a bathtub or in a shower. apply the soap to your body and rinse. detergent is used to wash clothes. place your dirty clothes into a washing machine and add some detergent as directed on the box. select the appropriate settings on your washing machine and you should be ready to begin. magazines are stapled reading material made with glossy paper, and they cover a wide variety of topics, ranging from news and politics to business and stock market information. some magazines are concerned with more recreational topics, like sports card collecting or different kinds of hairstyles. lettuce is a vegetable.