Gradebook Course Messages Forums Calendar Log Out Home > MATH 1010 P03 Spring 2022> Assessment 04-03 Savings Plans and Investments Score: 80/110 8/11 answered Question 7 > 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 6.7% compounded monthly. How much would Chris have in his savings account after 7 years? (Round to the nearest cent.) The chances of winning the PowerBall Jackpot are about one out of 175 million. Which of these seems like the better option for Chris: playing the lottery or depositing into a savings account? Explain your choice in a complete sentence. Submit Question Progress save G0/1 Gradebook Course Messages Forums Calendar Log Out Home > MATH 1010 P03 Spring 2022> Assessment 04-03 Savings Plans and Investments Score: 80/110 8/11 answered Question 7 > 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 6.7% compounded monthly. How much would Chris have in his savings account after 7 years? (Round to the nearest cent.) The chances of winning the PowerBall Jackpot are about one out of 175 million. Which of these seems like the better option for Chris: playing the lottery or depositing into a savings account? Explain your choice in a complete sentence. Submit Question Progress save G0/1