$?$Henry invests $$6,300$ at $8\%$ annual interest, leaving the money invested without withdrawing any of the interest for $10$ years. At the

end of the $10$ years, Henry will withdraw the accumulated amount of money.

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$($a$)$

Correct Answer

Vour answer is correct.

Compute the amount Henry would withdraw assuming the investment earns simple interest.

Total withdrawn

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Solution

Attempts: $2$ of $2$ used

$($b$)$

Compute the amount Henry 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 $2$ decimal places, e$.$g$.4,585\mathrm{.}81.)$

Total withdrawn

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$($c$)$

The parts of this question must be completed in order. This part will be available when you complete the part above. Answer Part B