February 22, 2017

Homework Help: contemporary math

Posted by Trish on Thursday, July 4, 2013 at 9:23am.

Quinn and Julius inherited $50,000 each from their great-grandmother’s 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?

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