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solution 1:
Total withdrawn = Principal + Interest = $44,300 + $44,300 * 8%*8 = $72,652
Solution 2:
Total withdrawn = P (1+i)^n = $44,300 (1+0.08)^8 = $44,300 * 1.85093 = $81,996
solution 3:
Total withdrawn = P (1+i)^n = $44,300 (1+0.04)^16 = $82,973
Exercise 6-2 Leon Jackson invests $44,300 at 8% annual interest, leaving the money invested without withdrawing...
Leon Jackson invests $48,800 at 8% annual interest, leaving the money invested without withdrawing any of the interest for 8 years. At the end of the 8 years, Leon withdraws the accumulated amount of money. New attempt is in progress. Some of the new entries may impact the last attempt grading.Your answer is incorrect. Compute the amount Leon would withdraw assuming the investment earns simple interest. (Round answers to 0 decimal places, e.g. 458,581.) Total withdrawn $enter total withdrawn in...
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Chris Jackson invests $30,700 at 8% annual interest, leaving the money invested without withdrawing any of the interest for 8 years. At the end of the 8 years. Chris withdraws the accumulated amount of money. (a) * Your answer is incorrect. Compute the amount Chris would withdraw assuming the investment earns simple interest. (Round answers to decimal places, eg. 458,581) Total withdrawn $ 19648 eTextbook and Media Save for Later Attempts: 1 of 15 used Submit Answer (b) Click here...
if you could solve and show work with financial calculator please! Henry Jackson invests $58,700 at 8% annual interest, leaving the money invested without withdrawing any of the interest for 8 years. At the end of the 8 years, Henry withdraws the accumulated amount of money. Compute the amount Henry would withdraw assuming the investment earns simple interest. (Round answers to O decimal places, e.g. 458,581.) Total withdrawns LINK TO TEXT LINK TO TEXT LINK TO VIDEO Click here to...
If you could show inputs for financial calculator please! CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Exercise 6-2 Henry Jackson invests $58,700 at 8% annual interest, leaving the money invested without withdrawing any of the interest for 8 years. At the end of the 8 years, Henry withdraws the accumulated amount of money. Compute the amount Henry would withdraw assuming the investment earns simple interest. (Round answers to O decimal places, e.g. 458,581.) Total withdrawn LINK TO TEXT LINK TO...
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Joseph Spear invested $19,000 today in a fund that earns 8% compounded annually. Click here to view factor tables To what amount will the investment grow in 3 years? To what amount would the investment grow in 3 years if the fund earns 8% annual interest compounded semiannually? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.) Investment at 8% annual interest $enter a dollar amount rounded to 0 decimal places...
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