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Matthew Jackson invests $48,800 at 8% annual interest, leaving the money invested without withdrawing any of the interest for 8 years. At the end of

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Matthew Jackson invests $48,800 at 8% annual interest, leaving the money invested without withdrawing any of the interest for 8 years. At the end of the 8 years, Matthew withdraws the accumulated amount of money. Compute the amount Matthew would withdraw assuming the investment earns simple interest (Round answers to decimal places, eg. 458,581) Total withdrawn $ $

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