Kimberly Altidore invested $ 1 0 , 0 0 0 at 9 % annual interest, and left
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Question:
Kimberly Altidore invested $ at annual interest, and left the money invested without withdrawing any of the interest for years. At the end of the years, Kimberly withdrew the accumulated amount of money. Click here to view the factor table. For calculation purposes, use decimal places as displayed in the factor table provided.a What amount did Kimberly withdraw, assuming the investment earns simple interest? The amount Kimberly withdrew b What amount did Kimberly withdraw, assuming the investment earns interest compounded annually? Round answer to decimal places, eg The amount Kimberly withdrew $
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