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?

She would need to put approximately $ 11306.684 into the account in order to have $30,000 at the end of 20 years.

Step-by-step explanation:

Let P be the amount of the money she need to put into the account,

Since, the annual rate of interest = 5%

Time = 20 years

Hence, with this compound interest the amount she got after 20 years,

According to the question,

A = $ 30,000

Hence, She would need to put approximately $ 11306.684 into the account in order to have $30,000 at the end of 20 years

the equivalent expression are always the hardest ones but you look at the gcf also

step-by-step explanation: