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Leon Jackson invests $37,500 at 10% annual interest, leaving the money invested without withdrawing any of the interest for 8 years. At the end of
Leon Jackson invests $37,500 at 10% annual interest, leaving the money invested without withdrawing any of the interest for 8 years. At the end of the 8 years, Leon withdraws the accumulated amount of money. (a) Compute the amount Leon would withdraw assuming the investment earns simple interest. Total withdrawn $ Compute the amount Leon would withdraw assuming the investment earns interest compounded annually.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 Total withdrawn $ Click here to view factor tables Compute the amount Leon would withdraw assuming the investment earns interest compounded semiannually.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 Total withdrawn $
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