1. Annualized T-bill Rate. Brenda purchased a $30,000, 90-day T-bill for $29,550. What will Brenda's return be when the T-bill matures? What will her annualized rate be?
2. Interest Earned. On June 1, Mia deposited $4,000 in an MMDA that pays 5% interest. On October 31, Mia invested $2,000 in a three-month CD that pays 6%. At the end of the year, how much interest will Mia have earned, assuming she hasn't taken anything out of the money market deposit account?