Question: Need help with compount interest. I got the first part of the question right. However, I cannot figure out the second part of the question.

Alan invests $6,000 at 10% annual interest, leaving the money invested without withdrawing any of the interest for 10 years. At the end of the 10 years, Alan will withdraw the accumulated amount of money. Click here to view factor tables (a) Your answer is correct. Compute the amount Alan would withdraw assuming the investment earns simple interest. Compute the amount Alan would withdraw assuming the investment earns interest compounded annually. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 2 decimal places, e.g. 4,585.81.) Total withdrawn eTextbook and Media Attempts: 2 of 3 used (c) The parts of this question must be completed in order. This part will be available when you complete the part above
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