Alan Bryant invests $31,000 at 7% annual interest, leaving the money invested without withdrawing any of the interest for 8 years. At the end of the 8 years, Alan withdraws the accumulated amount of money. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.)

Compute the amount Alan would withdraw assuming the investment earns interest compounded semiannually. (Round answer to 0 decimal places, e.g. 458,581.)

Total withdrawn

$enter the total dollar amount withdrawn