On June 1, Mia deposited $ 4,000 in an MMDA that pays 5% interest. On October 31,

Question:

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?