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Question 5 View Policies Current Attempt in Progress Carol Altidore invested $10,000 at 9% annual interest, and left the money invested without withdrawing any of
Question 5 View Policies Current Attempt in Progress Carol Altidore invested $10,000 at 9% annual interest, and left the money invested without withdrawing any of the interest for 14 years. At the end of the 14 years, Carol 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 Carol withdraw, assuming the investment earns simple interest? The amount Carol withdrew $ (b) What amount did Carol withdraw, assuming the investment earns interest compounded annually? (Round answer to 2 decimal places, e.g. 25.25.) The amount Carol withdrew $
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