Question: 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

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 4.5% compounded monthly.

How much would Chris have in his savings account after 6 years? (Round to the nearest cent.)

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