Question: how do we correctly solve this? 2. Complete the table, for the following investments, which shows the performance (interest and balance over a 5-year period.

how do we correctly solve this?

2. Complete the table, for the following investments, which shows the performance (interest and balance over a 5-year period. Suzanne deposits $3000 in an account that earns simple interest at an annual rate of 2.8%. Derek deposits $3000 in an account that earns compound interest at an annual rate of 2.8% and is compounded annually. Complete the following table. (Round to the nearest dollar as needed.) Year Suzanne's Annual Suzanne's Derek's Annual Derek's Balance Interest Balance Interest $ BOOK $ 3084 $ 3000 $ 3084 3010 $ 3168 30 18 $ 3042 $ 3252 30/20 EA 3028 33 36 $ 3036 3021 2040 3420 3040 LO $3016.8 Jm W

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