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Maria won a lottery of $1 million and had to pay 20% taxes on the winnings. She puts 50% of the remaining money into an
Maria won a lottery of $1 million and had to pay 20% taxes on the winnings. She puts 50% of the remaining money into an account which pays 5.5% compounded annually. How much will she have in her account in 5 years?
a. 1,400,000.00
b. 525,626.6
c. 522,784.0
d. 1,306,960.0
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