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OpenStudy (anonymous):
A client comes to you for investment advice on his $500,000 winnings from the lottery. 8% compounded interest annually for 5 years.
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OpenStudy (goldphenoix):
The formula for a compound interest problem is: http://www.bing.com/images/search?q=compound+interest+formula&FORM=HDRSC2#view=detail&id=AEA4F8B9FA2C4277C7B109F3D213009EA36E8DBC&selectedIndex=12 So, plug it in. :)
OpenStudy (dan815):
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