Steven Jackson invests $57,000 at 10% annual interest, leaving the money invested without withdrawing any of the interest for 10 years. At the end of the 10 years, Steven withdraws the accumulated amount of money.

(a) Compute the amount Steven would withdraw assuming the investment earns simple interest. (b) Compute the amount Steven would withdraw assuming the investment earns interest compounded annually. (c) Compute the amount Steven would withdraw assuming the investment earns interest compounded semiannually.

Steven Jackson invests $57,000 at 10% annual interest, leaving the money invested without withdrawing any of the interest for 10 years. At the end of the 10 years, Steven withdraws the accumulated amount of money.

(a) Compute the amount Steven would withdraw assuming the investment earns simple interest. (b) Compute the amount Steven would withdraw assuming the investment earns interest compounded annually. (c) Compute the amount Steven would withdraw assuming the investment earns interest compounded semiannually.

plz answer a and C

thumbs up for the correct answer

Steven Jackson invests $57,000 at 10% annual interest, leaving the money invested without withdrawing any of the interest for 10 years. At the end of the 10 years, Steven withdraws the accumulated amount of money. (a) Your answer is correct. Compute the amount Steven would withdraw assuming the investment earns simple interest. (Round answers to 0 decimal places, e.g. 458,581.) Total withdrawn $ 114000 e Textbook and Media Attempts: 1 of 5 used (b) X Your answer is incorrect. Click here to view factor tables Compute the amount Steven would withdraw assuming the investment earns interest compounded annually. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Total withdrawn $ 154301.36