Question 2 The First Bank of Morocco quotes an APY of 5.50% on a 1-year money market CD sold to one of the SMEs in Casablanca. The firm posted a balance of $5,000 for the first 90 days of the year, $6,000 over the next 180 days, and $7,400 for the remainder of the year. Required a) How much in total interest earnings did this small business customer receive for the year? Interest eamed y Days in period APY = 1001+ Average account balance