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FILL OUT TABLE ASAP!! Current Attempt in Progress James Altidore invested $6,000 at 5% annual interest, and left the money invested without withdrawing any of
FILL OUT TABLE ASAP!! Current Attempt in Progress James Altidore invested $6,000 at 5% annual interest, and left the money invested without withdrawing any of the interest for 8 years. At the end of the 8 years, James withdrew the accumulated amount of money. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) (a) What amount did James withdraw, assuming the investment earns simple interest? Accumulated amount $ (b) What amount did James withdraw, assuming the investment earns interest compounded annually? (Round answer to 2 decimal places, e.g. 25.25.) Accumulated amount $ Save for Later Attempts: 0 of 1 used Submit Answer James Altidore invested $6,000 at 5% annual interest, and leit the money irvested without withdrawing any of the interest for 8 years At the end of the 8 years, James withdrew the accumulated amount of money Click bere to view the factor table. (For calculation purposes, use 5 decimal ploces as dipplayed in the factor table provided) (a) What amount did James withdraw, assuming the investment earns simple interest? Accumulated amount $ (b) What amount did James withdrow, assuming the imvestment eams interest compounded annually? (Round answer to 2 decimal pleces, es.25.25. Accumutsted amount 5
FILL OUT TABLE ASAP!!
Current Attempt in Progress James Altidore invested $6,000 at 5% annual interest, and left the money invested without withdrawing any of the interest for 8 years. At the end of the 8 years, James withdrew the accumulated amount of money. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) (a) What amount did James withdraw, assuming the investment earns simple interest? Accumulated amount $ (b) What amount did James withdraw, assuming the investment earns interest compounded annually? (Round answer to 2 decimal places, e.g. 25.25.) Accumulated amount $ Save for Later Attempts: 0 of 1 used Submit Answer
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