Lyle o keefe invests 21900 at 8 annual interest leaving the, Ask an Expert

Accounting

Lyle O 'Keefe invests $21,900 at 8% annual interest, leaving the money invested without withdrawing any of the interest for 9 years. At the end of the 9 years, Lyle withdrew the accumulated amount of money.

(a) Compute the amount Lyle would withdraw assuming the investment earns simple interest.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9413985

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