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Title: organizing and managing

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Subject: Business
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Date: August 6, 2006
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Length: 3 / 682
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Assuming the best case scenario with the interest being compounded quarterly this is what they accumulate in one year: Money Market Account $5500.00 @ 4% = $220.00 $5220.00 @ 4% = 208.80 + 5220.00 = $5428.80 $5428.80 @ 4% = 217.15 + 5428.80 = $5645...

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Using a balance of $2500 and 3% interest with the NOW account and the same way of compounding the interest they will have accumulated and extra $313.77. The total of the two will be $1184.96 per year. Remember that after the monthly expenses they still had $1800 left...

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