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The North Dakota Lottery has a drawing for the PowerBall twice a week and each ticket costs $2. Chris considers buying a ticket for every

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The North Dakota 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 math course in Quantitative Reasoning, Chris also considers depositing that $16 each month into an account with an APR of 5.3% compounded monthly How much would Chris have in his savings account after 9 years? (Round to the nearest cent.) $

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