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

answer: ur v dumb

step-by-step explanation:

$9.41

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