Lisa Altidore invested $6,000 at 7% annual interest, and left the money invested without withdrawing any of the interest for 14 years. At the end of the 14 years, Lisa 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 Lisa withdraw, assuming the investment earns simple interest? The amount Lisa withdrew $ (b) What amount did Lisa withdraw, assuming the investment earns interest compounded annually? (Round answer to 2 decimal places, e.g. 25.25.) The amount Lisa withdrew $ Finding present value if discounted for two periods The present value of 1 may also be determined through tables that show the present value of 1 for n periods. In Table3,n is the number of discounting periods involved. The percentages are the periodic interest rates or discount rates. and the 5 -digit decimal numbers in the The following two demonstration problems (Illustrations G.12 and G.13) illustrate how to use Table 3