Leon Jackson invests $53,200 at 8% 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.

Compute the amount Leon would withdraw assuming the investment earns simple interest.

Total withdrawn

$87248

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 Total withdrawn \$ eTextbook and Media Attempts: 3 of 15 used (c) Click here to view factor tables.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 Total withdrawn \$