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Jeff wins $600,000 (After Taxes) in the lottery and decides to invest half of it in a 10-year CD that pays 7.25% interest compounded monthly.
Jeff wins $600,000 (After Taxes) in the lottery and decides to invest half of it in a 10-year CD that pays 7.25% interest compounded monthly. He Invests the other half in a money market fund that unfortunately turns out to average only 3.2% interest compounded annually over the 10-year period. How much money will he have altogether in the two accounts at the end of the 10-year period? Jeff Has ________ at the end of 10 years
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