document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1085129>Question 1085129</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Eva wins $250,000 (after taxes) in the lottery and decides to invest half of it in a 5-year CD that pays 5.75% interest compounded semi-annually.  She invests the other half in a money market fund, a retirement account that averages 3.2% interest compounded quarterly over the 5-year period.  How much money will she have altogether in the two accounts at the end of the 5-year period?<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #699157 by </B><A HREF=/tutors/aboutme.mpl?userid=Boreal><B>Boreal(15235)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Boreal><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=Boreal><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=699157\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 125000(1+.0575/2)^10.  Divide the interest rate by 2 and make the exponent the number of compoundings over the 5 year interval. This is $165961.94<BR>\n" );
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document.write( "125000(1+0.032/4)^20=$146595.51<BR>\n" );
document.write( "That total is $312,557.45 </SPAN>\n" );
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