Mathematics, 20.10.2020 02:01 evelinn19
Lakisha just won some money in a sweepstakes drawing. She is considering putting her winnings in a long term investment. To the nearest dollar, how much money would Lakisha need to put into an account earning 5% interest compounded annually in order to have $30,000 at the end of 20 years? Explain how compound interest is better than simple interest when it comes to saving money.
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Lakisha just won some money in a sweepstakes drawing. She is considering putting her winnings in a l...
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