G. Steven Altidore invested $7,700 at 12% annual interest, and left the money invested without withdrawing any of the interest for 11 years. At the end of the 11 years, Steven 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 Steven withdraw, assuming the investment earns simple interest?

Accumulated amount

$enter the accumulated amount in dollars

(b) What amount did Steven withdraw, assuming the investment earns interest compounded annually? (Round answer to 2 decimal places, e.g. 25.25.)

Accumulated amount

$enter the accumulated amount in dollars rounded to 2 decimal places