Michelle Walker deposits $$1,200$ in her bank today.

If the bank pays $8$ percent interest per year without compounding, how much simple interest will she have earned and how much money will she have at the end of five years?

Future value $$

eTextbook and Media

How much money will she have in five years if the bank pays compound interest with annual compounding? $($Round answers to $2$ decimal places, es$.52\mathrm{.}75.)$

Future value

$ $$

eTextbook and Media

How much of the earnings in part b$,$ will be interest on interest? $($Round answers to $2$ decimal places, e$8.52\mathrm{.}75.)$

Interest on interest

$