mmk112705 mmk112705
  • 12-08-2022
  • Mathematics
contestada

Suppose you win $40,000 in the lottery (after taxes). If you deposit this in a money market account earning 6% interest, compounded semi-annually, how much total money would you have after 2 years?

Respuesta :

Jhosuard
Jhosuard Jhosuard
  • 12-08-2022

Answer:

I'm totally gonna have $49.600, in two years earn $9.600.

Answer Link

Otras preguntas

How did the Han emperors support Confucianism
A space probe has two engines. Each generates the same amount of force when fired, and the directions of these forces can be independently adjusted. When the en
Skateboard Revenue: A skateboard shop sells about 50 skateboards per week for the price advertised. For each $1 decrease in price, about 1 more skateboard per w
How did the Han emperors support Confucianism
there are 63 couples lined up for an egg tossing contest.Each couple will get one egg.There are 12 eggs in a dozen,and eggs come in one dozen cartons.How many c
Use a factor tree to find the prime factorization of 164
What is binomial nomenclature ?
President Woodrow Wilson's statement "The world must be made safe for democracy" was made to justify his decision toa. end United States imperialism in Latin Am
what is 6 times 2/3 (two thirds)?
What is binomial nomenclature ?