Answer:
The total value of the discount was $10.80.
Step-by-step explanation:
Since we are finding the value of the discount, we just need to find 18% of 60.
We can convert 18% into a decimal.
18%=0.18
Multiply.
0.18*60=10.8
The total value of the discount was $10.80.
Because in the money market the money can be withdrawn in any moment buy in the certiicates of deposit there is a maturity date, that is when money can be withdrawn.