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

Question

Mccullough

21 July, 10:47

+2

Answers (1)

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Francesca Holloway · Answer 1

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

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