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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

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 interest compounded annually.

Compute the amount Matthew would withdraw assuming the investment earns interest

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