Lisa Altidore invested $6,000 at 7% annual interest, and left the money irvested without withdrawing...
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Lisa Altidore invested $6,000 at 7% annual interest, and left the money irvested 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 caiculation purposes, use 5 decimal ploces 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 ploces. eg 25.25) The amount Lisa withdrew
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