Henry Bryant invests $49,000 at 7% annual interest, leaving the money invested without withdrawing any...
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Henry Bryant invests $49,000 at 7% annual interest, leaving the money invested without withdrawing any of the interest for 5 years. At the end of the 5 years, Henry withdraws the accumulated amount of money. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Click here to view the factor table. Your answer is incorrect. Compute the amount Henry would withdraw assuming the investment earns interest compounded semiannually. (Round answer to O decimal places, e.g. 458,581.) Total withdrawn $ Save for Later Attempts: 1 of 2 used Submit
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