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Divide the annual rate by 52
The interest rate is always expressed as an annual rate,so the first step to calculate interest on a money market account is todivide the annual rate by 52(the number of weeks in a year) to find the interest percentage t
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What exactly is a money market account?
The money market is a financial exchange where banks and companies buy and sell short-term debt securities.Money market investments like T-bills and CDs are safe and very liquid,paying reliable interest.M
Divide the annual rate by 52
The interest rate is always expressed as an annual rate,so the first step to calculate interest on a money market account is todivide the annual rate by 52(the number of weeks in a year) to find the interest percentage t
Using the MMA calculator is quite simple,just go through these directions step-by-step:Input your initial depositInput your interest rate and compound frequencyInput how many years you’d like the calculator to work out your MMA interest forInput the