Mathematics, 28.10.2020 16:50 Kencharlot

Betty and Bill just won $10,000 in the Pennsylvania state lottery. They decide to spend $3,000 now and put the remaining $7,000 in an investment earning 8 percent compounded annually. If they use the money in that investment for a vacation in five years, approximately how much will they have available to spend on that vacation?

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Betty and Bill just won $10,000 in the Pennsylvania state lottery. They decide to spend $3,000 now a...