The Interest vs. Lottery Ticket Project

Part 1:
  1. Suppose that you start with $5000 and save $100 per month, for 20 years, in an account that earns 4% interest compounded monthly.  How much will the account hold in 2032?
  2. Suppose that you buy 5000 lottery tickets tomorrow, then 100 tickets per month, from now until 2032.  How many tickets will you buy?

Answer these questions to receive Part 2 of this assignment.

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