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Chris Jackson invests $54,300 at 8% annual interest, leaving the money invested without withdrawing any of the interest for 8 years. At the end of

Chris Jackson invests $54,300 at 8% annual interest, leaving the money invested without withdrawing any of the interest for 8 years. At the end of the 8 years, Chris withdraws the accumulated amount of money.

Compute the amount Chris would withdraw assuming the investment earns simple interest.

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