Mathematics
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.

answer
Answers: 2

Other questions on the subject: Mathematics

image
Mathematics, 21.06.2019 13:30, sara24starling
Find the x-intercept and y-intercept of the line. 3x + 5y = βˆ’15
Answers: 1
image
Mathematics, 21.06.2019 17:30, josh3419
Adriver from the university of florida women’s swimming and diving team is competing in the in ncaa zone b championships
Answers: 3
image
Mathematics, 21.06.2019 19:30, AriesTwice
Acollection of coins has value of 64 cents. there are two more nickels than dimes and three times as many pennies as dimes in this collection. how many of each kind of coin are in the collection?
Answers: 1
image
Mathematics, 21.06.2019 20:50, tra10money
An object is translated by (x + 4, y - 2). if one point in the image has the coordinates (5, -3), what would be the coordinates of its pre-image? (9, -5) (1, -5) (9, -1) (1, -1)
Answers: 1
Do you know the correct answer?
Lakisha just won some money in a sweepstakes drawing. She is considering putting her winnings in a l...

Questions in other subjects:

Konu
Computers and Technology, 30.11.2020 18:00