9 lucy received 4300 as a graduation gift she wants to invest this mon
Question
9. Lucy received $4300 as a graduation gift. She wants to invest this money and some of her savings in a savings plan that offers 4.8% per year,compounded quarterly. She
would like to have $20 000 after 20 years. [2T,1K] a) How much does Lucy need to invest today money does Lucy need to add from her to reach her goal? b) How much savings?