Betty Altidore invested $7,000 at 6% annual interest, and left the money invested without withdrawing...
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Betty Altidore invested $7,000 at 6% annual interest, and left the money invested without withdrawing any of the interest for 9 years. At the end of the 9 years, Betty 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 Betty withdraw, assuming the investment earns simple interest? The amount Betty withdrew $ (b) What amount did Betty withdraw, assuming the investment earns interest compounded annually? (Round answer to 2 decimal places. eg.25.25.) The amount Betty withdrew
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