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Jennifer Altidore invested $6,500 at 10% annual interest, and left the money invested without withdrawing any of the interest for 10 years. At the
Jennifer Altidore invested $6,500 at 10% annual interest, and left the money invested without withdrawing any of the interest for 10 years. At the end of the 10 years, Jennifer 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 Jennifer withdraw, assuming the investment earns simple interest? The amount Jennifer withdrew $ (b) What amount did Jennifer withdraw, assuming the investment earns interest compounded annually? (Round answer to 2 decimal places, e.g. 25.25.) The amount Jennifer withdrew $
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