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Montana stopped by the Wawa on her way home from work and purchased a scratch-off lottery ticket. To her great surprise, she wins $50,000. Upon
Montana stopped by the Wawa on her way home from work and purchased a scratch-off lottery ticket. To her great surprise, she wins $50,000. Upon the advice of her sister, she heads directly to the bank and deposits the full amount in a certificate of deposit that pays 7% interest, compounded monthly. If Montana leaves the full amount in the CD until its maturity in 10 years, how much will Montana receive?
Round to Nearest cent and Use excel if possible.
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