Question: John Jackson invests $ 5 8 , 8 0 0 at 8 % annual interest, leaving the money invested without withdrawing any of the interest

John Jackson invests $

58, 800

8 %

annual interest, leaving the money invested without withdrawing any of the interest for

8

years. At the end of the

8

years, John withdraws the accumulated amount of money. Compute the amount John would withdraw assuming the investment earns interest compounded annually.

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