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Kitty [74]
1 year ago
7

Suppose you win $40,000 in the lottery (after taxes). If you deposit this in a money market account earning 6% interest, compoun

ded semi-annually, how much total money would you have after 2 years?
Mathematics
1 answer:
Alenkinab [10]1 year ago
8 0

Answer:

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

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Sometimes it helps to draw it...so u can see

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since K is the midpoint, it splits the segment in 2 equal parts
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