Solution-Amount of pollution, The amount of pollution

Amount of pollution

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1.) Tony wins $560,000 (after taxes) in the lottery and decides to invest half of it in a 7-year CD that pays 5.25% interest compounded monthly. He invests the other half in a money market fund that unfortunately turns out to average only 4.4% interest compounded annually over the 7-year period. How much money will he have altogether in the two accounts at the end of the 7-year period?

2.) The amount of pollution varies directly with the population of a city. City A has a population of 6 60,000 people and produces 4 1 0,000 tons of pollution. How much pollution should we expect City B to produce if its population is 22 8 ,000 people? Round your answer to the nearest whole ton. 9 ) Tony wins $ 5 6 0 ,000 (after taxes) in the lottery and decides to invest half of it in a 7 - year CD that pays 5 .25 % interest compounded monthly . He invests the other half in a money market fund that unfortunately turns out to average only 4 . 4 % interest compounded annually over the 7 - year period. How much money will he have altogether in the two accounts at the end of the 7 - year period?

Reference no: EM131089748

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Reference no: EM131089748

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