Answered

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Janice wins the lottery and takes a lump sum payment. She receives $14,298,120. She places
$10,000,000 into a money market account receiving 10% annual interest compounded monthly,
how much will be in the account after 1 year?

Sagot :

Answer:

The total compound interest is $1,047,130.76.

Step-by-step explanation:

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