16
QuizLong Text

Compound Interest

Question 16 • FL-2102373-Personal Finance and Money Management Honors

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?

Answer

Answer:

11309

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