Question: E 6 . 2 ( LO 1 , 2 ) ( Simple and Compound Interest Computations ) Sue Ang invests HK$ 3 0 , 0

E6.2(LO 1,2)(Simple and Compound Interest Computations) Sue Ang invests HK$30,000 at 8% annual interest, leaving the money invested without withdrawing any of the interest for 8 years. At the end of the 8 years, Sue withdraws the accumulated amount of money. Instructions a. Compute the amount Sue would withdraw assuming the investment earns simple interest. b. Compute the amount Sue would withdraw assuming the investment earns interest compounded annually. c. Compute the amount Sue would withdraw assuming the investment earns interest compounded semiannually.

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