Question 2 of 5 0.67/2 Edward Jackson invests $ 58,800 at 8% annual interest, leaving the money invested without withdrawing any of the interest for 8 years. At the end of the 8 years, Edward withdraws the accumulated amount of money. Your Answer Correct Answer Your answer is correct Compute the amount Edward would withdraw assuming the investment earns simple interest. (Round answers to decimal places, eg. 458,581.) Total withdrawn $ 96.432 X Your answer is incorrect. Click here to view factor tables Compute the amount Edward would withdraw assuming the investment earns interest compounded annually. (Round factor values to 5 decimal places, eg. 1.25124 and final answer to decimal places, eg. 458,581.) Total withdrawn 63504 eTextbook and Media Solution Compute the amount Edward would withdraw assuming the investment earns interest compounded semiannually (Round factor values to 5 decimal places, eg. 1.25124 and final answer to decimal places, eg, 458,581.) Total withdrawn $