First, we need to calculate the total amount saved in the emergency fund:
\[ 4 \text{ months} \times 1,151.65 \text{ dollars/month} = 4,606.60 \text{ dollars} \]
Now, let's break down how the money is allocated:
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25% in a savings account: \[ 0.25 \times 4,606.60 = 1,151.65 \text{ dollars} \]
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75% in a 60-day CD: \[ 0.75 \times 4,606.60 = 3,454.95 \text{ dollars} \]
Next, we will calculate the interest accrued from both the savings account and the CD over 60 days.
Interest from the Savings Account
The annual interest rate is 3.3%, which can be converted to a daily interest rate. Since there are 365 days in a year:
\[ \text{Daily interest rate} = \frac{3.3%}{365} = \frac{0.033}{365} \approx 0.00009041096 \text{ (in decimal)} \]
Now, we calculate the interest for 60 days:
\[ \text{Interest for 60 days} = 1,151.65 \times 0.00009041096 \times 60 \]
Calculating the interest:
\[ = 1,151.65 \times 0.00009041096 \times 60 \approx 0.06249038293 \approx 0.06 \text{ dollars} \]
Interest from the 60-day CD
The annual interest rate for the CD is 4.3%, which can also be converted to a daily interest rate:
\[ \text{Daily interest rate} = \frac{4.3%}{365} = \frac{0.043}{365} \approx 0.000117808219 \text{ (in decimal)} \]
Calculating the interest for 60 days from the CD:
\[ \text{Interest for 60 days} = 3,454.95 \times 0.000117808219 \times 60 \]
Calculating this:
\[ = 3,454.95 \times 0.000117808219 \times 60 \approx 0.0246021141 \approx 0.02 \text{ dollars} \]
Total Interest Accrued
Now we will sum the interest accrued from both the savings account and the 60-day CD:
\[ \text{Total Interest} = 0.06 + 0.02 = 0.08 \text{ dollars} \]
Thus, the total interest accrued over 60 days is:
\[ \boxed{0.08} \]
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