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The following is a Money Market Mutual Fund quote as of November 1, 2XX1: Fund Avg. Mat. 7-day Yield Assets U.S. Bank 175 1.15 65
The following is a Money Market Mutual Fund quote as of November 1, 2XX1:
Fund | Avg. Mat. | 7-day Yield | Assets |
U.S. Bank | 175 | 1.15 | 65 |
Amy invested $100,000 in the above MMMF. How much interest will she receive in 90 days?
A. | $287.50 | |
B. | $1,150.00 | |
C. | $559.03 | |
D. | $551.37 | |
E. | $283.56 |
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