October 14, 2015

Homework Help: Business Math

Posted by Tee on Thursday, June 27, 2013 at 10:27pm.

Quinn and Julius inherited $50,000 each from their great-grandmotherís estate. Quinn invested her money in a 5-year CD paying 1.6% interest compounded semiannually. Julius deposited his money in a money market account paying 1.05% compounded monthly. How much total money will Quinn have after 5 years?

How much total money will Julius have after 5 years?

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