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Karen Altidore invested $9,000 at 9% annual interest, and left the money invested without withdrawing any of the interest for 13 years. At the end
Karen Altidore invested $9,000 at 9% annual interest, and left the money invested without withdrawing any of the interest for 13 years. At the end of the 13 years, Karen 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 Karen withdraw, assuming the investment earns simple interest? The amount Karen withdrew $ 19,530 (b) What amount did Karen withdraw, assuming the investment earns interest compounded annually? (Round answer to 2 decimal places, e.g. 25.25.) The amount Karen withdrew $
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