part B

Tony Jackson invests $32,300 at 8% annual interest, leaving the money invested without withdrawing any of the interest for 8 yea At the end of the 8 years, Tony withdraws the accumulated amount of money. (a) Your answer is correct. Compute the amount Tony would withdraw assuming the investment earns simple interest. Total withdrawn Click here to view factor tables. Compute the amount Tony would withdraw assuming the investment earns interest compounded annually. (Round factor values 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581 .) Total withdrawn eTextbook and Media Attempts: 0 of 3 used (c) The parts of this question must be completed in order. This part will be available when you complete the part above