1. If $5000 is deposited into a savings account at 1.8% interest compounded monthly, how much interest is earned during the first year? During the second year?
2. If $1000 is deposited for 5 years in a savings account earning 2.6% interest compounded quarterly, how much interest is earned during the fifth year?
3. If $1000 is deposited for 6 years in a savings account earning 3.6% interest compounded monthly, how much interest is earned during the sixth year?