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Steve Jackson invests $49,400 at 8% annual interest, leaving the money invested without withdrawing any of the interest for 8 years. At the end of
Steve Jackson invests $49,400 at 8% annual interest, leaving the money invested without withdrawing any of the interest for 8 years. At the end of the 8 years, Steve withdraws the accumulated amount of money Your answer is correct. Compute the amount Steve would withdraw assuming the investment earns simple interest. (Round answers to O decimal places, e.g. 458,581.) Total withdrawn 101 Attempts: 2 of 3 used ] Your answer is correct. Click here to view factor tables Compute the amount Steve 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.) Total withdrawn 9143 Attempts: 1 of 3 used Click here to view factor tables Compute the amount Steve would withdraw assuming the investment earns interest compounded seiannually. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to o decimal places, e.g. 458,581.) Total withdrawn Attempts: 0 of 3 used
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