Adams Jackson invests $40,600 at 10% annual interest, leaving the money invested without withdrawing any of the interest for 10 years. At the end of the 10 years, Adams withdraws the accumulated amount of money.

Required:
a. Compute the amount Alan would withdraw assuming the investment earns simple interest.
b. Compute the amount Alan would withdraw assuming the investment earns interest compounded annually.
c. Compute the amount Alan would withdraw assuming the investment earns interest compounded semiannually.

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.