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You just won $200,000 on a scratch-off lottery ticket. You plan to save the money in a retirement account expected to return 9% per year.
You just won $200,000 on a scratch-off lottery ticket. You plan to save the money in a retirement account expected to return 9% per year. If you intend to retire in 45 years, how much are these lottery winnings expected to be worth when you retire? $2,615,364 O $4,788,067 O $942,089 $3,866,183 $9,665,457 If you find an account that pays 10% annual interest instead of 9%, how much would you have at retirement? $3,751,878 O $14,578,097 O $5,831,239 $7,249,093 $4,050,123 Suppose the new retirement account actually pays 10% interest per year and pays interest quarterly. How much money would you have at retirement? 0 $3,411,933 $17,034,358 O $7,068,334 O $8,480,488 0 $1,156,173
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