On June 1, Mia deposited $3,700 in an MMDA that pays 4% interest. On October 31,...

 

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On June 1, Mia deposited $3,700 in an MMDA that pays 4% interest. On October 31, Mia invested $2,300 in a three-month CD that pays 2.84%. At the end of the year, how much interest will Mia have earned, assuming she hasn't taken anything out of the money market deposit account? Assuming she hasn't taken anything out of the money market deposit account, the amount of interest Mia will have earned is $ (Round to the nearest cent.) On June 1, Mia deposited $3,700 in an MMDA that pays 4% interest. On October 31, Mia invested $2,300 in a three-month CD that pays 2.84%. At the end of the year, how much interest will Mia have earned, assuming she hasn't taken anything out of the money market deposit account? Assuming she hasn't taken anything out of the money market deposit account, the amount of interest Mia will have earned is $ (Round to the nearest cent.)

Answer rating: 100% (QA)

To calculate the interest earned on the Money Market Deposit Account MMDA we need to determine t... View the full answer