ec ACCT 305: Intermediate Accounting 1 Online Summer 2020 Homework: Module 2 Homework: Ch Score: 0.25 of 1 pt 1 of 11 (11 compl cing E7-2 (similar to) A recent college graduate decides to invest the $13,000 he received for his college graduation in a fund earning 16% annual interest for five years. At the end of the five-year period, he expects to withdraw the money to purchase a reasonably priced used car. (c F (c FL X i Requirement a. Answer the following questions: What amount would the graduate withdraw after five years, if the investment earns simple interest? b. What amount would the graduate withdraw after five years if interest is compounded annually? What amount would the graduate withdraw after five years if interest is compounded semiannually? d. What amount would the graduate withdraw after five years if interest is compounded quarterly? c . -y es Print Done Tools