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6 Nov 2019
6) George wins $990,550 (after taxes) in the lottery and decides to invest half of it in a 10-year CD that pays 3.35% interest compounded bi-yearly. He invests the other half in a retirement account that averages 7.75% interest compounded annually over the 10-year period. How much money will he have altogether in the two accounts at the end of the 10-year period? Show transcribed image text
6) George wins $990,550 (after taxes) in the lottery and decides to invest half of it in a 10-year CD that pays 3.35% interest compounded bi-yearly. He invests the other half in a retirement account that averages 7.75% interest compounded annually over the 10-year period. How much money will he have altogether in the two accounts at the end of the 10-year period?
Show transcribed image text Patrina SchowalterLv2
10 Jul 2019
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