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Category > Business & Finance Posted 03 Aug 2017 My Price 5.00

Alan Jackson invests $20,000

Alan Jackson invests $20,000 at 8% annual interest, leaving the money invested without withdrawing any of the interest for 8 years. At the end of the 8 years, Alan withdrew the accumulated amount of money.
Instructions
(a) Compute the amount Alan would withdraw assuming the investment earns simple interest.
(b) Compute the amount Alan would withdraw assuming the investment earns interest compounded annually.
(c) Compute the amount Alan would withdraw assuming the investment earns interest compounded semiannually

Answers

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Status NEW Posted 03 Aug 2017 09:08 AM My Price 5.00

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