Question: Brief Exercise A-1 x Your answer is incorrect. Try again. Jozy Altidore invested $6,400 at 10% annual interest, and left the money invested without withdrawing

Brief Exercise A-1 x Your answer is incorrect. Try again. Jozy

Brief Exercise A-1 x Your answer is incorrect. Try again. Jozy Altidore invested $6,400 at 10% annual interest, and left the money invested without withdrawing any of the interest for 12 years. At the end of the 12 years, Jozy 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 Jozy withdraw, assuming the investment earns simple interest? Accumulated amount 7680 (b) What amount did Jozy withdraw, assuming the investment earns interest compounded annually? (Round answer to 2 decimal places, e.g. 25.25.) Accumulated amount Click if you would like to Show Work for this question: Open Show Work

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