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?

How much total money will Julius have after 5 years?

stupid question. both parts are exactly the same, just using different interest rates.

Quinn: 50000*(1+.016/2)^(2*5) = 54,147.12
Julius: 50000(1+.0105/12)^(12*5) = 52,693.52