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Sharon Altidore invested $7,900 at 6% annual interest, and left the money invested without withdrawing any of the interest for 11 years. At the end
Sharon Altidore invested $7,900 at 6% annual interest, and left the money invested without withdrawing any of the interest for 11 years. At the end of the 11 years, Sharon 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 Sharon withdraw, assuming the investment earns simple interest? The amount Sharon withdrew $ (b) What amount did Sharon withdraw, assuming the investment earns interest compounded annually? (Round answer to 2 decimal places, e.g. 25.25.) The amount Sharon withdrew $ Attempts: 0 of 1 used
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