If Lucky Louie won a lottery and chose to take $1,000,000 in cash (disregarding taxes),how much money would he have in 30 years if he invested at 6% per annum?
A) $5,743,491
B) $5,804,268
C) $6,050,972
D) Not enough information is provided to solve the problem

Question

Quizplus · Accepted Answer

The correct answer is A because $1,000,000 invested at 6% per annum for 30 years will grow to $5,743,491.

If Lucky Louie Won a Lottery and Chose to Take