" Progress Michael Jackson invests $32,500 at 10% annual interest, leaving the money invested without...
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" Progress Michael Jackson invests $32,500 at 10% annual interest, leaving the money invested without withdrawing any of the interest for 10 years. At the end of the 10 years, Michael withdraws the accumulated amount of money, (a) Your answer is correct. Compute the amount Michael would withdraw assuming the investment earns simple interest. (Round answers to decimal places e458,581.) Total withdrawn 65.000 Click here to view factor tables Compute the amount Michael would withdraw assuming the investment earns interest compounded annually. (Round factor values to decimal places es 125124 and final answer to decimal places, es 458,581.) Total withdrawn $ 541767
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