Marcella wins third prize in the Clearinghouse Sweepstakes and receives a check for $250,000. After spending $10,000

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Marcella wins third prize in the Clearinghouse Sweepstakes and receives a check for $250,000. After spending $10,000 on a vacation, she decides to invest the rest in a money market account that pays 1.5% interest compounded monthly. How much money will be in the account after 10 years?


If necessary, round all dollar figures to the nearest cent and round percents to the nearest hundredth of a percent.

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A Survey of Mathematics with Applications

ISBN: 978-0134112107

10th edition

Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde

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