Lisa won a prize of $12000 for an essay she wrote. She plan to take half of
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Question:
Lisa won a prize of $12000 for an essay she wrote. She plan to take half of the winnings and put it in a savings account that earns 5% compounded quarterly and will put the other half into the stock market where she expects to earn 10% compounded annually. How much will she have after 10 years? Round to nearest dollar.
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