SOLUTION: Jeff wins $600,000 (after taxes) in the lottery and decides to invest half of it in a 10 year CD that pays 7.25% interest compounded monthly. He invests the other half in a money m

Question 1085097: Jeff wins $600,000 (after taxes) in the lottery and decides to invest half of it in a 10 year CD that pays 7.25% interest compounded monthly. He invests the other half in a money market fund that unfortunately turns out to average only 3.2% 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?
Jeff has ______________ at the end of 10 years.
Answer by Fombitz(32388) (Show Source): You can put this solution on YOUR website!

Add those together for his total.
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