Mathematics, 04.05.2021 17:20, hazle9586

Winston typically spends about $200 per year playing the lottery. If he took that same amount of money, for 30 years, and invested it in an index fund earning an average of
6%, approximately how much money would Winston have?
A. More than $12,000, because the investment will grow faster over time as the interest
compounds.
B. Less than $6000, because inflation would make his money less valuable.
C. Exactly $6000.
D. Approximately $6360, because he earns almost $400 in interest.

Answers: 2

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Winston typically spends about $200 per year playing the lottery. If he took that same amount of m...