The North Carolina Education Lottery has a drawing for the PowerBall twice a week and each ticket costs $2. Chris considers buying a ticket for every drawing. At 4 weeks per month, he would be spending about $16 each month. After taking a course in Quantitative Literacy, Chris also considers depositing that $16 into an account with an APR of 3.1% compounded monthly. How much would Chris have in his savings account after 8 years? (Round to the nearest cent.) $ The chances of winning the PowerBall Jackpot are about one out of 175 million. Which of these seems like the better option for Chris: playing the lottery or depositing into a savings account? Explain your