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?
Answer to relevant QuestionsThomas can invest $ 10,000 by purchasing a 1- year T- bill for $ 9,275, or he can place the $ 10,000 in a 12- month CD paying 8%. Which investment will provide a higher return? In addition to return, what else should Thomas ...Troy paid $ 9,600 for a T- bill with a face value of $ 10,000. What is Troy’s return if he holds the T- bill to maturity? Under what conditions might a consumer find each type useful? Name the three major credit bureaus. How do they score your credit rating? Will all three major credit bureaus always produce the same credit score? Discuss some ways that charging large amounts on your credit cards might affect your overall financial planning.
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