Karla Simpson Carson invested $12,000 at 8% annual interest and left the money invested without withdrawing any of the interest for 15 years.At the end of the 15 years, Karla decided to withdraw the accumulated amount of money.Karla has found the following values in various tables related to the time value of money. Which factor would she use to compute the amount she would withdraw, assuming that the investment earns interest compounded annually?
A) 0. 31524
B) 3. 17217
C) 8. 55948
D) 27. 15211

Question

Karla Simpson Carson invested $12,000 at 8% annual interest and left the money invested without withdrawing any of the interest for 15 years.At the end of the 15 years, Karla decided to withdraw the accumulated amount of money.Karla has found the following values in various tables related to the time value of money.   Which factor would she use to compute the amount she would withdraw, assuming that the investment earns interest compounded annually?
A) 0. 31524 
B) 3. 17217 
C) 8. 55948 
D) 27. 15211

Quizplus · Accepted Answer

The Answer of Karla Simpson Carson invested $12,000 at 8% annual interest and left the money invested without withdrawing any of the interest for 15 years.At the end of the 15 years, Karla decided to withdraw the accumulated amount of money.Karla has found the following values in various tables related to the time value of money.   Which factor would she use to compute the amount she would withdraw, assuming that the investment earns interest compounded annually?
A) 0. 31524 
B) 3. 17217 
C) 8. 55948 
D) 27. 15211

Karla Simpson Carson Invested $12,000 at 8% Annual Interest and Left