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Henry Jackson invests $49, 600 at 8% annual interest, leaving the money invested without withdrawing any of the interest for 8 years. At the end
Henry Jackson invests $49, 600 at 8% annual interest, leaving the money invested without withdrawing any of the interest for 8 years. At the end of the 8 years, Henry withdraws the accumulated amount of money. Compute the amount Henry would withdraw assuming the investment earns simple interest. (Round answers to 0 decimal places, e.g. 458, 581.) Total withdrawn $ ________ Compute the amount Henry would withdraw assuming the investment earns interest compounded annually. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458, 581.) Total withdrawn $ ________ Compute the amount Henry would withdraw assuming the investment earns interest compounded semiannually. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458, 581.) Total withdrawn $ _______
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