Morgan Jackson invests $37,700 at 10% annual interest, leaving the money invested without withdrawing any of the interest for 8 years. At the end of the 8 years, Morgan withdraws the accumulated amount of money. (a) Your answer is correct. Compute the amount Morgan would withdraw assuming the investment earns simple interest. Total withdrawn (b) eTextbook and Media * Your answer is incorrect. Click here to view factor tables. $ Total withdrawn >244 CONTRAININ ALAMNY Compute the amount Morgan 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.) S CRISIPAL PANDANG $ 200 Problemat HONE, NLUGS 201 67860 14 Attempts: 2 of 3 used 16485.65

Morgan Jackson invests $37,700 at 10% annual interest, leaving the money invested without withdrawing any of the interest for 8 years. At the end of the 8 years, Morgan withdraws the accumulated amount of money. (a) Your answer is correct. Compute the amount Morgan would withdraw assuming the investment earns simple interest. Total withdrawn Attempts: 2 of 3 used (b) Click here to view factor tables. Compute the amount Morgan would withdraw assuming the investment earns interest compounded annually. (Round foctor volues to 5 decimal places, eg. 1.25124 and final answer to 0 decimal places, eg. 458,581.) Total withdrawn $