Show Attempt History Current Attempt in Progress * Your answer is incorrect. Ivanhoe Company earns 6% on an investment that pays back $93,000 at the end of each of the next 7 years. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided) What is the amount Ivanhoe Company invested to earn the 6% rate of return? (Round answer to 2 decimal places Ivanhoe Company invested $ 618,503.12 Assistance Used View Policies Current Attempt in Progress Karen Altidore invested $9,000 at 9% annual interest, and left the money invested without withdrawing any of the interest for 13 years. At the end of the 13 years, Karen withdrew the accumulated amount of money. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided) (a) What amount did Karen withdraw, assuming the investment earns simple interest? The amount Karen withdrew es (b) What amount did Karen withdraw, assuming the investment earns interest compounded annually (Round answer to decid eg. 25.25.) $ ni Karen withdrew Annual Rate Number of Years Involved Discounts per Year Case A 8% Annually Case B 11% Semianually Case C 12% Semiannually Case A de periods periods Case B Case C periods (2) In Table 2 (future value of an annuity of 1): Number of Years Involved Number of Payments Involved Frequency of Payments Annual Rate Case A 8% Annually Annually 6 Case B 8% Case C 7% Semiannually periods Case A periods Case B periods Case C R a ces as displayed in the factor table provided.) a) What is the present value of $26,000 due 12 periods from now, discounted at 11%? (Round answer to 2 decimal places, eg. 25.25.) Present value $ 7431.86 (b) What is the present value of $26,000 to be received at the end of each of 11 periods, discounted at 7%? (Round answer to 2 decimal places, ey. 25.25.) 37034.48