Question: Brief Exercise G-1 x Your answer is incorrect. Try again. Jory Altidore invested $7,000 at 7% annual interest, and left the money invested without withdrawing
Brief Exercise G-1 x Your answer is incorrect. Try again. Jory Altidore invested $7,000 at 7% annual interest, and left the money invested without withdrawing any of the interest for 12 years. At the end of the 12 years, Jory 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 Jory withdraw, assuming the investment cams imple interest? Accumulated amount 58800 (b) What amount did Jory withdraw, assuming the investment earns interest compounded annually? (Round answer to 2 decimal places, e.g. 25.25.) Accumulated amount 75600
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