$($b$)$

Your answer is incorrect.

Click here to view factor tables.

Compute the amount Adams would withdraw assuming the investment earns interest compounded annually. $($Round factor values to $5$ decimal places, e$.$g$.1\mathrm{.}25124$ and final answer to $0$ decimal places, e$.$g$.458,581.)$

Total withdrawn

$ $$

eTextbook and Media

Windsor Inc. issues $$2,900,000$ of $7\%$ bonds due in $10$ years with interest payable at year$-$end. The current market rate of interest for bonds of similar risk is $11\%.$

Click here to view factor tables.

What amount will Windsor receive when it issues the bonds? $($For calculation purposes, use $5$ decirlal places as displayed in the factor table provided and final answer to $0$ decimal places, e$.$g$.458,581.)$

Amount received by Windsor when bonds were issued $