Question

Karen gaines invested $15,000 in a money market account with an interest rate of 2.25% compounded semiannually. Five years later, Karen withdrew the full amount to put towards the down payment on a new house. How much did Karen withdraw from the account

Answer 1

Answer:

years later , karen withdrew the full amount to put toward the down payment on a new house. How much did she withdraw? ... gaines invested $15,000 in a money market account with an interest rate of 2.75% compounded semiannually. ... Median response time is 34 minutes and may be longer for new subjects.