Question: Am I doing this right? Complete the table, for the following investments, which shows the performance interest and balance) over a 5-year period. Year Suzanne's
Am I doing this right?
Complete the table, for the following investments, which shows the performance interest and balance) over a 5-year period. Year Suzanne's Annual Interest Suzanne's Balance Derek's Annual Interest Derek's Balance A A Suzanne deposits $3000 in an account that earns simple interest at an annual rate of 3%. Derek deposits $3000 in an account that earns compound interest at an annual rate of 3% and is compounded annually. A A A OWN- A A A A Complete the following table. (Round to the nearest dollar as needed.) | Suzanne's Year Suzanne's Annual Interest Balance $ 90 $ 3090 $ 180 $ 3180 Derek's Annual Interest $90 $ 182.70 $ 278.18 Derek's Balance $ 3090 S 3182.70 $ 3278.18 $ 3376.53 3477.82 $ 376.53 A $1450 $ 3450 $ 477.82 G
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