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Jozy Altidore invested $7,400 at 5% annual interest, and left the money invested without withdrawing any of the interest for 10 years. At the end

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Jozy Altidore invested $7,400 at 5% annual interest, and left the money invested without withdrawing any of the interest for 10 years. At the end of the 10 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, e.g. 25.25.) The amount Jozy withdrew $ Table 3 Present Value of 1 (n) 4% 5% 6% 7% 8% 9% 10% 11% 12% 15% 3 8 10 .96154 95238 94340 93458 925939174390909 90090 89286 86957 .92456 9070389000 87344 85734 84168 82645 81162 7971975614 88900 86384 83962 .81630 7938377218 75132 7311971178 65752 .85480 82270 79209 7629073503 70843.68301.65873.6355257175 .82193 78353 74726 71299.68058 .6499362092 5934556743 49718 .79031 74622 70496 .66634.63017 59627 56447 53464 50663 43233 .75992 71068 66506 .62275 5834954703 51316 48166 45235 37594 7306967684 62741 58201 54027 50187 46651.4339340388 32690 .70259.64461 5919054393 50025 .4604342410 3909236061 28426 .67556 61391 55839.50835 .46319 42241 38554 35218 32197 24719 .64958 58468 52679 47509.42888 38753.35049 31728 28748 21494 .62460 55684 49697 4440139711 35554 31863.28584 25668 18691 .60057.53032 46884 .41496 36770 32618 28966 25751 22917 16253 .5774850507 44230 38782 34046 2992526333.23199 20462.14133 .55526 48102,417273624531524 27454 23939209001827012289 5339145811 39365 33873 29189 25187 21763.1882916312 10687 51337 43630 37136 31657 27027 23107 19785 16963 14564.09293 .49363.41552 35034 29586 2502521199 17986 .15282 .13004 .08081 .47464 3957333051 27615 23171 19449 16351 13768 11611 07027 .45639 37689 31180 258422145517843.14864 1240310367.06110 12 17 19

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