Jozy Altidore invested $8.600 at 12% annual interest, and left the money Invested without withdrawing amy of the interest for 14 years. At the end of the 14 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 eans 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 Table 3 Present Value of l Table 4 Present Value of an Annuity of 1 4% 5% 6% 7% 8% 9% 10% 11% 12% 15% 4% 6% 10% 11% 12% 15% Periods 1.96154 .95238 94340 93458 92593 .91743 90909 90090 89286 86957 96154 95238 94340 93458 92593 91743 90909 90090 89286 86957 2 .92456 .90703 89000 87344 .85734 84168 .82645 .81162 79719 ,73614 18S609 85941 183339 80802 1.78326 173554 1.71252 169005 1.62571 3 88900 86384 83962 81630 79383 .77218 .75132 73119 71178 65752 2.77509 2.72325 2.67301 262432 2.57710 2.53130 248685 2.4437 240183 2.28323 4 85480 82270 79209 T6290 73503 .70843 68301 65873 63552 57175 3.62990 3.54595 3.46511 3.38721 3.31213 3.23972 3.16986 3.10245 3.03735 285498 5 82193 78353 74726 71299 68058 64993 62092 59345 56743 49718 4.45182 4.32948 4.21236 4.10020 3.9927 3.88965 3.79079 3.69590 3.60478 3.35216 6 .79031 74622 .70496 66634 63017 .59627 .56447 53464 50663 43233 .24214 5.07569 491732 4.76654 4.62288 .48592 4.35526 4.23054 4.11141 3.78448 75992 71068 66506 62275 58349 54703 51316 48166 45235 37594 6.00205 5.78637 5.58238 5.38929 5.20637 5.03295 4.86842 4.71220 4.56376 4.16042 873069 67684 62741 58201 54027 .50187 46651 43393 40388 32690 6.73274 6.4632 6.20979 597130 5.74664 5.53482 5.33493 5.14612 4.96764 4.48732 70259 64461 59190 54393 50025 46043 42410 39092 36061 28426 7.43533 7.10782 6.80169 6.51523 6.24689 5.99525 5.75902 553705 5.32825 4.77158 10 67356 61391 55839 50835 46319 42241 38554 35218 32197 24719 10 .11090 .72173 .36009 7.02358 6.71008 6.41766 6.14457 5.88923 5.65022 5.01877 11.64958 .58468 .52679 47509 42888 38753 .35049 31728 28748 21494 8.76048 8.30641 788687 7.49867 7.13896 6.80519 6.49506 6.20652 593770 5.23371 12 62460 55684 49697 44401 397 35554 31863 28584 25668 18691 12 9.38507 8.86325 8.38384 7.94269 7.53608 7.16073 6.81369 649236 6.19437 5.42062 13.60057 .53032 46884 41496 36770 32618 .28966 25751 22917 16253 13 998563 939357 885268 835765790378 748690 7.10336 674987 642355 558315 14 57748 0507 44230 38782 34046 29925 26333 23199 20462 14133 10.56312 9.89864 9.29498 8.74547 8.24424 7.78615 7.36669 698187 6.62817 5.72448 1555526 48102 41727 36245 31524 27454 23939 20900 18270 12289 15 11.11839 10.37966 9.71225 9.10791 8.55948 8.06069 7.60608 719087 6.81086 5.84737 16.53391 45811 39365 33873 29189 .25187 .21763 18829 16312 10687 16 11.65230 10.83777 10.10590 9.44665 885137 8.31256 7.82371 737916 6.97399 5.95424 17 51337 43630 37136 31657 27027 23107 19785 16963 14564 09293 17 12.16567 11.27407 10.47726 9 76322 9.12164 8.54363 8.02155 7.54879 7.11963 6.04716 1849363 41552 35034 29586 25025 .21199.17986 .15282 13004 08081 18 12.65930 11 68959 1082760 1005909 937189 8 75563 8 20141 7.70162 724967 6.12797 19 47464 39573 3301 27615 23171 19449 16351 13768 11611 07027 19 3.13394 12.08532 11.15812 10.33560 9.60360 8.95012 8.36492 7.83929 7.36578 6.19823 20 45639 37689 31180 25842 21455 17843 .14864 1240310367 06110 13.59033 12.46221 11.46992 10.59401 9.81815 9.12855 8.51356 795333 7 46944 6.25933
