Chris Jackson invests $32,500 at 10% annual interest, leaving the money invested without withdrawing any...

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Accounting

Chris Jackson invests $32,500 at 10% annual interest, leaving the money invested without withdrawing any of the interest for 8 years.
At the end of the 8 years, Chris withdraws the accumulated amount of money.
(a)
Compute the amount Chris would withdraw assuming the investment earns simple interest.
Total withdrawn . $
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