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Exercise 6-2 (Part Level Submission) Steve Jackson invests $49,400 at 8% annual interest leaving the money invested without withdrawing any of he interest or 8
Exercise 6-2 (Part Level Submission) Steve Jackson invests $49,400 at 8% annual interest leaving the money invested without withdrawing any of he interest or 8 years. At the end of the 8 years Steve withdraws the accumulated amount of money y] Your answer is correct. Compute the amount Steve would withdraw assuming the investment earns simple interest. (Round answers to 0 decimal places, e.g. 458,581.) Total withdrawn 101 Attempts: 2 of 3 used Click here to view factor tables Compute the amount Steve would withdraw assuming the investment earns interest compounded annually. Round actor va Ues to 5 dec ma places, e 0-125124 and 458,581.) a answerto ea mi places, e Total withdrawns Attempts: 0 of 3 used
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