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Charles Wilson invested $6,700 at 10% annual interest, and left the money invested without withdrawing any of the interest for 8 years. At the end of the 8 years, Charles withdrew the accumulated amount of money. Click here to view the factor table 1. Table 2 Table 3 Table 4 (a) What amount did Charles withdraw, assuming the investment earns simple interest? The amount Charles withdrew $ 17720.46 (b) What amount did Charles withdraw, assuming the investment earns interest compounded annually? (For calculation purposes, use 5 decimal places as displayed in the factor table provided, e.g. 5.25471. Round answer to 2 decimal places, e.g. 25.25.) The amount Charles withdrew $ 14288

Charles Wilson invested $6,700 at 10% annual interest, and left the money invested without withdrawing any of the interest for 8 years. At the end of the 8 years, Charles withdrew the accumulated amount of money. Click here to view the factor table 1. Table 2 Table 3 Table 4 (a) What amount did Charles withdraw, assuming the investment carns simple interest? The amount Charles withdrew $ (b) What amount did Charles withdraw, assuming the investment earns interest compounded annually? (For calculation purposes, use 5 decimal places as displayed in the factor table provided, es. 5.25471. Round answer to 2 decimal places, es. 25.25.) The amount Charles withdrew $

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