Question: On June 1 Mia deposited 4 000 in an MMDA
On June 1, Mia deposited $ 4,000 in an MMDA that pays 5% interest. On October 31, Mia invested $ 2,000 in a three- month CD that pays 6%. At the end of the year, how much interest will Mia have earned, assuming she hasn’t taken any-thing out of the money market deposit account?
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