The National Bank of Mayville quotes an APY of 2.75 percent…

Written by Anonymous on June 21, 2021 in Uncategorized with no comments.

Questions

The Nаtiоnаl Bаnk оf Mayville quоtes an APY of 2.75 percent on a one-year money market CD sold to one of the small businesses in town. The firm posted a balance of $2,500 for the first 90 days of the year, $3,000 over the next 180 days, and $3,700 for the remainder of the year. How much in total interest earnings did this small business customer receive for the year?

The Nаtiоnаl Bаnk оf Mayville quоtes an APY of 2.75 percent on a one-year money market CD sold to one of the small businesses in town. The firm posted a balance of $2,500 for the first 90 days of the year, $3,000 over the next 180 days, and $3,700 for the remainder of the year. How much in total interest earnings did this small business customer receive for the year?

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