If $29,000 is invested in an account for 20 years. Calculate the total interest earned at the end of 20 years if the interest is: (a) 8% simple interest: $ 46400 Correct (b) 8% compounded annually: $ 106167.76 Correct (c) 8% compounded quarterly: $ 112387.74 Correct (d) 8% compounded monthly: $ 113877.28 Correct Round your answers to the nearest cent.

Oakmont company has an opportunity to manufacture and sell a new product for a four-year period. the company’s discount rate is 18%. after careful study, oakmont estimated the following costs and revenues for the new product: cost of equipment needed $ 230,000 working capital needed $ 84,000 overhaul of the equipment in year two $ 9,000 salvage value of the equipment in four years $ 12,000 annual revenues and costs: sales revenues $ 400,000 variable expenses $ 195,000 fixed out-of-pocket operating costs $ 85,000 when the project concludes in four years the working capital will be released for investment elsewhere within the company. click here to view exhibit 12b-1 and exhibit 12b-2, to determine the appropriate discount factor(s) using tables.