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Denise wins$150,000(after taxes) in the lottery and decides to invest half of it in a 5- year CD that pays 4.25% interest compounded monthly. She
Denise wins$150,000(after taxes) in the lottery and decides to invest half of it in a 5- year CD that pays 4.25% interest compounded monthly. She invests the other half in a money market fund, a retirement account that averages 4.3% interest compounded quarterly over the 5 year span. How much money will she have altogether in the two accounts at the end of the 5 year period?
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