John Jackson invests $37,700 at 10% annual interest, leaving the money invested without withdrawing any of the interest for 8 years. At the end of the 8 years, John withdraws the accumulated amount of money. (a) Your answer is correct. Compute the amount John would withdraw assuming the investment earns simple interest. Total withdrawn $ Compute the amount John would withdraw assuming the investment earns interest compounded annually.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 Total withdrawn $