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Jozy Altidore invested $7,400 at 11% annual interest, and left the money nvested without withdrawing any of the interest for 9 years. At the end
Jozy Altidore invested $7,400 at 11% annual interest, and left the money nvested without withdrawing any of the interest for 9 years. At the end of the 9 years, Jozy 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 Jozy withdraw, assuming the investment earns simple interest? $ The amount Jozy withdrew (b) What amount did Jozy withdraw, assuming the investment earns interest compounded annually? (Round answer to 2 decimal places, eg. 25.25) The amount Jozy withdrew
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