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Newman Jackson invests $53,400 at 8% annual interest, leaving the money invested without withdrawing any of the interest for 8 years. At the end of
Newman Jackson invests $53,400 at 8% annual interest, leaving the money invested without withdrawing any of the interest for 8 years. At the end of the 8 years, Newman withdraws the accumulated amount of money. * Your answer is incorrect. Compute the amount Newman would withdraw assuming the investment earns simple interest. (Round answers to O decimal places, e.g. 458,581.) Total withdrawn $ 98839.67 eTextbook and Media * Your answer is incorrect. Click here to view factor tables Compute the amount Newman would withdraw assuming the investment earns interest compounded annually. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to O decimal places, e.g. 458,581.) Total withdrawn $ eTextbook and Media * Your answer is incorrect. 100,017.20 Click here to view factor tables Compute the amount Newman would withdraw assuming the investment earns interest compounded semiannually. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to O decimal places, e.g. 458,581.) Total withdrawn 87576
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