Question: Steve Jackson invests $ 4 7 , 3 0 0 at 1 0 % annual interest, leaving the money invested without withdrawing any of the

Steve Jackson invests $47,300 at 10% 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. Compute the amount Steve would withdraw assuming the investment earns simple interest. Total withdrawn $ Compute the amount Steve would withdraw assuming the investment earns interest compounded annually.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 Total withdrawn Compute the amount Steve would withdraw assuming the investment earns interest compounded semiannually. (Round factor values to 5 decimal places, e.g.1.25124 and final answer to 0 decimal places, e.g.458,581.) Total withdrawn

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