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Compute the amount lyle would withdraw

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Question - Lyle O 'Keefe invests $21,900 at 8% annual interest, leaving the money invested without withdrawing any of the interest for 9 years. At the end of the 9 years, Lyle withdrew the accumulated amount of money.

Compute the amount Lyle would withdraw assuming the investment earns simple interest.

Reference no: EM131815139

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