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Joseph Jackson invests $55,800 at 8% annual interest, leaving the money invested without withdrawing any of the interest for 8 years. At the end
Joseph Jackson invests $55,800 at 8% annual interest, leaving the money invested without withdrawing any of the interest for 8 years. At the end of the 8 years, Joseph withdraws the accumulated amount of money. (a) (b) X Your answer is incorrect. Click here to view factor tables Compute the amount Joseph would withdraw assuming the investment earns interest compounded annually. (Round factor values to 5 decimal places, eg. 1.25124 and final answer to O decimal places, eg. 458,581) Total withdrawn $ 10180116
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