Business, 09.04.2021 17:30 dwhitlock10
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. Less than $6000, because inflation would make his money less valuable.
b. Exactly $6000.
C. Approximately $6360, because he earns almost $400 in interest.
d. More than $12,000, because the investment will grow faster over time as the interest compounds.
Answers: 3
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