On June 1, Mia deposited $5,300 in an MMDA that pays ...
70.2K
Verified Solution
Link Copied!
Question
Finance
On June 1, Mia deposited $5,300 in an MMDA that pays 3% interest. On October 31, Mia invested $3,000 in a three-month CD that pays 1.79%. At the end of the year, how much interest will Mia have earned, assuming shehasn'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 $nothing. (Round to the nearest cent.)
On June 1, Mia deposited
$5,300
in an MMDA that pays 3%
interest. On October 31, Mia invested $3,000
in a three-month CD that pays 1.79%.
At the end of the year, how much interest will Mia have earned, assuming shehasn'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
$nothing.
(Round to the nearest cent.) 
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.