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2 December, 00:38

Your fixed expenses are $1,151.65/month. You saved 4 months' worth in an emergency fund, investing 25% in a savings account at a 3.3% APR and the rest in a 60-day CD at a 4.3% APR. How much total interest accrues over 60 days?

$41.04

$43.38

$30.67

$32.23

+4
Answers (1)
  1. 2 December, 03:33
    0
    1151.65*4=4606.6

    25%*4606.6=1151.65

    The rest

    3454.95

    Total interest

    1,151.65*0.033 * (60:365)

    +3,454.95*0.043 * (60

    :365)

    =30.67
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