On June 1, Mia deposited $4,000 in an MMDA that pays 2% interest. On October 31, Mia

Question:

On June 1, Mia deposited $4,000 in an MMDA that pays 2% interest. On October 31, Mia invested $2,000 in a three-month CD that pays 1.75%. 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?

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