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?

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asked Apr 24, 2023 105k views

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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?

Mathematics
high-school

Dan Berindei asked

by Dan Berindei

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Answer:

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

Zyo answered Apr 30, 2023

by Zyo

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