Parks Blair invested $5,000 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, Parks decided to withdraw the accumulated amount of money. Parks has found the following values in various tables related to the time value of money. To the closest dollar, which amount would he withdraw, assuming that the investment earns interest compounded annually?

Question

Parks Blair invested $5,000 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, Parks decided to withdraw the accumulated amount of money. Parks has found the following values in various tables related to the time value of money.  To the closest dollar, which amount would he withdraw, assuming that the investment earns interest compounded annually?

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The Answer of Parks Blair invested $5,000 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, Parks decided to withdraw the accumulated amount of money. Parks has found the following values in various tables related to the time value of money.  To the closest dollar, which amount would he withdraw, assuming that the investment earns interest compounded annually?

Parks Blair Invested $5,000 at 8% Annual Interest and Left