Beginning in January, a person plans to deposit $1000 at the end of each month into...

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Beginning in January, a person plans to deposit $1000 at the end of each month into an account earning 3% compounded monthly. Each year taxes must be paid on the interest earned during that year. Find the interest earned during each year for the first 3 years. The interest earned during the first year is $ (Round to the nearest cent as needed.) Beginning in January, a person plans to deposit $1000 at the end of each month into an account earning 3% compounded monthly. Each year taxes must be paid on the interest earned during that year. Find the interest earned during each year for the first 3 years. The interest earned during the first year is $ (Round to the nearest cent as needed.)