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How much interest will you pay in the 12th year of a $95,000 3.5%, as year mortgage, assuming annual compounding? 3,909,842 9

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Money markets are markets in which short term instruments are traded, these instruments usually have a tenure of less than 1 year, it includes T-bills, treasury bonds, certificate of deposits etc. The sole purpose of money market is to provide short term liquidity to banks, corporations, financial institutions etc. However, it does not include any of the stocks, be it foreign or US stocks. Stocks are traded separately in a different market also call stock market.

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