PLEASE HELP WILL MEDAL AND FAN!!! REALLY BEHIND, CAN ANYONE TEACH ME HOW TO DO THIS?
Your fixed expenses are $1,00.45/month. Your emergency fund has 4 month's worth of coverage. You invest half in a savings account with an interest rate of 3.15% APR and the other half in a 45-day CD with an interest rate of 4.65% APR. How much is your total interest in 45 days?

Question

PLEASE HELP WILL MEDAL AND FAN!!! REALLY BEHIND, CAN ANYONE TEACH ME HOW TO DO THIS?
Your fixed expenses are $1,00.45/month. Your emergency fund has 4 month's worth of coverage. You invest half in a savings account with an interest rate of 3.15% APR and the other half in a 45-day CD with an interest rate of 4.65% APR. How much is your total interest in 45 days?

anonymous · Answer

First, find the total amount of your ER fund 4 times 1000.45 (confirm that number please)

anonymous · Answer

4,001.8 @JuanitaM