If your MXL mic is a condenser mic, the cable will need to have phantom power turned on in order to work.
There are a number of Mic Bundles available at Guitar Center. One can purchase the MXL 3000 Mic Bundle, the MXL 800 Series or the Rode Microphones NT1-A Condenser Mic Bundle.
An MXL 990
Yes, it will.
The MXL 990 will not work directly into your computer as it needs "phantom power." Phantom Power is 48v run from an interface or mixer to the microphone to power it. Most condensers either need phantom power or a wall adapter plug or they can receive no power.
For recording an acoustic guitar the most affordable quality microphones are the Oktava MC012 ($99) and the Marshall MXL 603S ($99)
After you put it to the XLR input and engage phantom power, it should work just fine
M = 1000, XL = 40 (10 less than 50) so MXL represents 1040.
There are quite a few places that offer reviews for MXL 990 microphones. A few of these websites that offer reviews are Gearslutz, Amazon and Musicians Friend.
The best selling mics are the condenser ones. Particular makes that are popular are MXL and Audio-Technica. The MXL V63M and the Audio-Technica AT 2020 or AT4040 are the most popular of all.
You will need an audio interface with an XLR input and phantom power to connect the MXL 990 microphone. The Steinberg CI-series of USB interfaces are perfect for this, and are designed for Cubase.
I would suggest the MXL iBooster as it does good with low level signals
to pass a difficulty in the program that the programmer couldnt pass